Bull Wedge In Ethereum??
Ethereum has tested $1235 again, which has proven to be a hard upper bound once again. We have tested this level three times, unsuccessfully, within the span of a month. We are starting to see higher lows, consistently bound by $1235, suggesting that a bull wedge pattern is forming. If this is the case, we could be looking at a breakout soon to $1341. However, the Kovach OBV is rounding off and flattening, suggesting we will need more momentum to come through before we see such a breakout. If we retrace further, we should see support at $1017.
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