Ethereum Tests $2,800 Breakout Line as Consolidation Extends
- —ETH trades at $2,707 as of 01:00 UTC Friday
- —The $2,800 upper boundary is about $93 away
- —The $2,800 level has capped gains since early October
- —Support sits at $2,650
Why it matters: A break above $2,800 or a loss of $2,650 will set the direction for ETH and altcoins through the rest of the quarter.
Source: Coinotag