🔥 Ethereum ($ETH ) price analysis - Cointelegraph Analytics

After several failed attempts, Ether $2,630.08 finally broke above the moving averages on Oct. 15, indicating advantage to buyers.

The ETH/USDT pair has reached the resistance line of the symmetrical triangle, where sellers will try to halt the up move. If buyers overcome the resistance, the ETH/USDT pair could rise to $2,850 and thereafter to $3,400.

On the contrary, if the price turns down sharply from the resistance line and breaks below the moving averages, it will signal that bears remain sellers on rallies. That could keep the pair inside the triangle for a few more days.