After a sudden plunge below the support of $1340, the price has consolidated and formed an ascending wedge pattern.
Ethereum bulls should anticipate further gains if the price breaks through the key resistance zone of 1340. The uptrend could reach the wedge’s upper trendline if that happens.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.