ETH – Grinds in Triangle

Ethereum volatility has increased over the last 24 hours. It is still trading within symmetric triangle and yesterday it tested the top of the triangle but now it ranges at the bottom of it. As we discussed the symmetric triangle pattern yesterday, it can break both ways. Currently, the bottom of the triangle is acting as a support. The next support level, after a lower breakout is below the price level of December 20 at $3800, a bit lower than fib 1.272. The resistance is at $4155, the high of December 23.