Technical Analysis – Ethereum quiet within a triangle range
Posted on September 15, 2022 at 7:45 am GMTEthereum (ETHUSD) has been in the red so far this week, gradually retreating after almost touching the 1,800 round level. Despite the soft negative mood, the short-term bias has not switched to the bearish side yet, as the second most popular crypto keeps trading within a symmetrical triangle. The momentum indicators are also reflecting a wait-and-see attitude among traders given the sideways trajectory in the RSI and the MACD. The 38.2% Fibonacci retracement of the latest upleg is currently canceling [..]