Ether now retests a critical resistance range for a potential pullback towards $1,800.
It took Ethereum’s native token Ether (ETH) only two months to recover from a brutal selloff at the beginning of 2022.ETH price breaks out but risks remainETH price reached near $3,350 on March 28 after rallying by over 30% in just two weeks, and by more than 50% when measured from its year-to-date low of around $2,160, established Jan. 24. In doing so, the ETH/USD pair may have also “busted” what earlier appeared to be a bearish continuation setup, called the “symmetrical triangle.”ETH/USD daily price chart featuring ‘symmetrical triangle’ reversal. Source: TradingView”Busted patterns (when the breakout is in one direction only to see price reverse and breakout in the opposite direction) often result in strong moves,” writes Tom Bulkowski, a veteran market analyst. This raises hopes that Ether can rally to the triangle pattern’s target n
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