The ETH price is closely following the BTC price rally, as the second-largest token is also stuck within a decisive symmetrical triangle. The volatility is shrinking as the Bollinger bands have begun to squeeze in the short term. On the other hand, the stochastic RSI has entered the upper threshold, and the levels are heading for a bearish crossover that may push the prices lower. The chart patterns suggest the consolidation may continue, and the ETH price may close the day’s trade below $2000 but above the local support at $1914.
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