Ethereum, Triangle-Breakout Incoming, Pending Perspectives!

Hi,

Welcome to this analysis about Ethereum, we are looking at the 12-hour timeframe perspectives. Ethereum recently is forming some interesting signs in the structure as it managed to bounce from this very important ascending-trend-line marked in black to the upside where it has now established this triangle-formation above the trendline with the coherent wave-count within which almost already completed. When Ethereum now manages to breakout above the triangle to the upside as it is shown in my chart this will be the setup for the further continuations and approaches with which Ethereum will move on to test the upper resistance as it is shown in my chart. With these dynamics it is highly important that Ethereum properly holds the levels and especially the ascending-trend-line however as for now this is very likely to hold to properly move on with the triangle-breakout set-up for Ethereum, it will be an interesting development.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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Information provided is only educational and should not be used to take action in the market.