#BinanceSquareTalks #Ethereum #ETH

Ethereum, the second digital asset by market cap is showing signs of consolidation within a symmetrical triangle pattern. As the pattern develops, a 17% uptick has been cast with the current market performance hinting early build up of the surge. ETH trades at a price value of $1,679.41, noting a 3.84% surge in the last 24 hours. The  market cap stands at $202.68 billion and  a 24-hour trading volume of $16.56 billion, marking a 27.92% rise in volume

Price Action Analysis and Breakout Levels to Watch

Currently, Ethereum is in the phase of accelerating within the symmetrical triangle which can be estimated with converging trendlines. This makes the bullish formation more likely as the price range continues accommodating more consolidation. Analysts are paying attention to the support and resistance levels that will define the direction of the move.