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Blockonomi
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Ethereum (ETH) Price: Triangle Pattern Forms as $1,800 Support Tested
- Ethereum is trading in a symmetrical triangle pattern around $1,800, with support at $1,775-$1,785.
- Long-term ETH holders increased wallets by 22% in the past two months despite price weakness.
- Bollinger Bands are tightening with RSI at neutral 54.63, suggesting imminent volatility.
- Options trading volume jumped 75% with long positions outnumbering shorts (2.24:1 ratio on Binance).
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