Ethereum Technical Analysis: Looking for a technical flag break to indicate a move higher
- Ethereum is trading 1.5% higher today as general crypto sentiment remains positive.
- There is a flag pattern forming on the 4-hour chart and a break could indicate the future direction.

ETH/USD 4-Hour Chart
Ethereum has consolidated into a flag pattern on the 4-hour chart.
The main support level is at 144.20, while resistance is at 158.36.
There is also resistance at the top of the chart pattern and a break of 152.00 would break the pattern.
The market is definitely in a decision-making phase but the longer-term trend is still down.
Additional Levels
Author

Rajan Dhall, MSTA
FX Daily
Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.
-637111557518509760.png&w=1536&q=95)





