Bull Wedge in Ethereum??

٩ سبتمبر ٢٠٢١

Ethereum has found support in the lower 3K handle after plummeting from 4K. We do appear to be tending up toward to the mid 3K's at the moment, but appear to be bounded by $3500. Three red triangles on the KRI seem to confirm the resistance. We do appear to be forming a bull wedge suggesting that Ethereum may be building up steam for a breakout. The Kovach OBV is picking up slightly, which may support this. If so, the next target will be $3646, then $3861, which is the last level of resistance before we can think about the 4K's again. If another bear wave comes through we should see support around $3200, then $3000.