Ethereum price was trading at $2,701 and has continuously formed 7 doji candlestick patterns on a daily timeframe. It has been struggling between $2,677 and $2,696 level which is a very narrow range. Bitcoin has also undergone a correction phase and is waiting for a breakout. Trading volume has also increased during this consolidation phase. Once ETH price triggers a breakout from this zone, strong bullish momentum can be seen. Ethereum price can reclaim $3,000 level after a successful breakout. Conversely, a breakdown can witness sharp fall and can drop to the major support level of $2,350.
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Ethereum price struggling in a narrow range: Something big after breakout?
