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ETHEREUM ((ETHUSD): Waiting For a Bullish Signal
Ethereum / U.S. dollar BITSTAMP:ETHUSD
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After a significant decrease in value over the past two weeks, Ethereum has now stabilized and is showing signs of consolidation.
A bullish accumulation pattern, specifically an ascending triangle formation on a 4-hour chart, is evident.
The current focus is on testing the neckline of this pattern.
A breakout above 3288, indicated by a 4-hour candle close, is expected to lead to a bullish continuation in price.
The next target for buyers will be a descending trend line.
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