Ether Price Analysis: Market Consolidation Provides Calm Before Next Breakout (bitcoinmagazine.com)

Over the past few days, despite major swings throughout the crypto-market, ETH-USD finally appears to be displaying nice, reliable signs of market consolidation:Figure 1: ETH-USD, 2-hr Candles, Bitfinex, Consolidation PatternTwo key characteristics of market consolidation are decreasing volume over the course of a trend and decrease in price volatility. It should be noted that price consolidation can take many patterns and is not restricted to the convergent pattern (lower highs accompanied…

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