Ether is breaking out of a similar symmetrical triangle pattern that propelled XRP’s prices from around $0.50 to around $2.90 within a month.
Ethereum’s native token, Ether (ETH), is mirroring XRP’s November breakout trend that resulted in a 390%-plus price boom.
In November, XRP broke out of a symmetrical triangle pattern that formed over six years, triggering a parabolic rally from around $0.50 to over $2.94.
The $2.94 level aligns with XRP’s 1.618 Fibonacci retracement level, and was serving as resistance as of Dec. 7.
