ETH/USDT Ether ( ETH tickers down $1,273 ) slipped below the symmetrical triangle on Oct. 11 but a positive sign is that the bulls purchased the dip and are trying to push the price back into the triangle on Oct. 12.
Source: TradingView The 20-day EMA ($1,339) is sloping down and the relative strength index (RSI) is in the negative territory, indicating that bears are in control.
The sellers will try to stall the recovery at the 20-day EMA.
The ETH/USDT pair could then decline to the next support at $1,109.
The first sign of strength will be a break and close above the triangle.
That could pave the way for a possible rally to the resistance line of the channel.

Source - Coin Telegraph
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