ETH Technical Analysis: Long Consolidation Continues, Should You Buy?

ETH market price awaits a descending breakout to escape the range-bound rally. Should you consider taking a bullish trade in Ethereum with breakout hopes? With the overall market witnessing uncertainty, the ETH price counts its lateral walk within a narrow range. The altcoin currently trades at the $1284 mark with an 0.72% intraday jump. If the ongoing selling pressure persists, the prices will retest the $1245 support level. Key Points: The Ethereum price is trapped within a no-trading zone. The falling price with decreasing volume indicates a possible price reversal from $1245 support. The intraday trading volume in Ethereum is The post ETH Technical Analysis: Long Consolidation Continues, Should You Buy? appeared first on Cryptoknowmics-Crypto News and Media Platform.