Ether ETH $2,434.19 has been consolidating inside the symmetrical triangle pattern for the past few days, indicating indecision between the buyers and sellers
If the price rises above the moving averages, the ETH/USDT pair could climb to the resistance line. This is an essential level for the bears to defend because a break above it could propel the pair to $3,400. There is resistance at $2,850, but it is likely to be crossed.
On the contrary, if the price turns down sharply from the resistance line, it will signal that the pair may remain stuck inside the triangle for a while. The bears will have to sink the price below the uptrend line to start the next leg of the downtrend.
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