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Ethereum needs to defend $1,180 to sustain this 50-day ascending pattern By Cointelegraph


© Reuters.

Ether (ETH) has been ranging near $1,200 since Dec. 17, but an ascending trend has been quietly gaining strength after 50 consecutive days.

The pattern points to $1,330 or higher by March 2023, making it essential for bulls to defend the current $1,180 support.

Ether/USD 1-day candle chart. Source: TradingView
Ether 2-month futures annualized premium. Source: Laevitas.ch
Ether 60-day options 25% delta skew: Source: Laevitas.ch