Ethereum (ETH) Rally Towards $300 Still Likely But Price Remains Vulnerable

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Ethereum (ETH) is eyeing a rally towards $300 as the price has just found support on the 61.8% fib retracement level from the previous local top. This might be a sign of relief for the bulls as the price could rally higher to reach the top of the ascending wedge in the days ahead. However, just as we can see the possibility of this leading to an ascending triangle breakout within the rising wedge, we can also see that it could be a double top as the price has struggled to effectively break past $272 in the past. The rising…
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Ethereum (ETH) Rally Towards 0 Still Likely But Price Remains Vulnerable

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