EthereumLong
ETHEREUM (ETHUSD): Detailed Technical Outlook
ETHEREUM has been struggling since mid-December, with the market showing a slight bearish trend and forming a falling contracting wedge pattern.
A significant rejection occurred at a confluence zone created by the trend line of the wedge and a horizontal demand zone.
Currently, the market is consolidating within the wedge.
A potential bullish breakout above the wedge's resistance and a daily close above it could signal a bullish trend reversal, leading to a strong upward movement in the market.
A significant rejection occurred at a confluence zone created by the trend line of the wedge and a horizontal demand zone.
Currently, the market is consolidating within the wedge.
A potential bullish breakout above the wedge's resistance and a daily close above it could signal a bullish trend reversal, leading to a strong upward movement in the market.
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