The post Ethereum Price Outlook from Descending Triangle Analysis appeared on BitcoinEthereumNews.com.

Ethereum, the second-largest cryptocurrency by market capitalization, is currently showcasing a pattern that could indicate a significant future price movement. Traders and analysts closely monitor its price behavior as it consolidates within a descending triangle, a classic chart pattern known for forecasting price breakouts. According to Crypto Analyst Ali Martinez,A descending triangle pattern is formed when the price of an asset makes lower highs and consistent lows, converging into a triangle. This pattern is generally considered bearish and is typically observed in downtrends, but it can lead to a substantial price movement in either direction depending on various market factors. This pattern has been forming for Ethereum over the past few days, as observed on a recent TradingView chart. The pattern shows a series of lower highs while the lows remain relatively flat, indicating that each rally is met with increased selling pressure. This price behavior suggests that Ethereum is testing its support levels repeatedly, which could eventually weaken and lead to a downward breakout. However, if buying pressure increases, a breakout on the upper side of the triangle might occur, suggesting a potential reversal of the downtrend. Ethereum Triangle Outcomes, Market Influence, Strategy The chart analysis indicates that a breakout from the current descending triangle pattern could trigger an approximately 18% price move. This estimate is based on the height of the triangle’s back extrapolated in the direction of the breakout. A bullish breakout would imply buyers have regained control, potentially leading to a swift upward movement. This could be driven by favorable market news, technological advancements within the Ethereum network, or broader crypto market bullishness. On the other hand, a bearish breakout would confirm the continuation of the current downtrend, exacerbated by negative news or investor sentiment, possibly leading to a further drop in prices. The outcome of…

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Filed under: News - @ March 11, 2025 9:30 am