Ethereum Price Eyes Critical Breakout Above $2.7K
Ethereum's price remains near $2,672 after an unsuccessful breakout attempt.
A strong close above $2,700 is necessary for confirmation of the bullish pennant setup highlighted by Ted Pillows.
The chart reveals ETH squeezing between descending and ascending trendlines, forming a bullish pennant.
A confirmed close past the upper boundary would reinforce the setup, while another rejection would leave ETH within the range.