I used the line chart over a period of a few months to detect a meaningful pattern, removing the noise of daily flunctuations. I believe I have discovered what seems to be a Pennants Patern.
I am not sure whether ETH will follow a clear path to break out, or consolidate around 1500 euros first.
I am not so sure about the momentum, as the current volumes are lower than those that created the "flagpole".
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The retracement could go all the way down to 1510 euros.