Ether has been trading near the triangle resistance line for the past five days, suggesting that buyers are maintaining pressure.
ETH/USDT Daily Chart | Source: TradingView
If buyers push the price above the triangle, the ETH/USDT pair could rise to $2,850. This level could act as resistance, but if the price bounces off the 20-day EMA ($2,523), it would indicate a change in trend. The pair could then attempt to rise to $3,400.
This bullish view would be invalidated in the short term if the price declines and breaks below the moving average. Such a move would suggest that the pair could remain within the triangle for the next few days.
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