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Ether price prediction
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Ether ETH $3,089 remains stuck inside the symmetrical triangle pattern, indicating uncertainty about the next directional move.
ETH/USDT daily chart. Source: Cointelegraph/TradingView
If the price closes above the 50-day simple moving average (SMA) ($3,007), the ETH/USDT pair could ascend to the resistance line. Sellers are expected to defend the resistance line with all their might, as a break above it opens the doors for a rally toward $4,000.Instead, if the Ether price turns down from the resistance line, it suggests that the pair could extend its stay inside the triangle. The bears will be back in the driver’s seat on a close below the support line.
