Bull Wedge in Ethereum??
Ethereum / U.S. dollar BITSTAMP:ETHUSD
Ethereum is still hovering under $3K, though it found good support from $2762. We are still struggling with $2852, where a red triangle on the KRI has confirmed resistance. We do appear to be seeing a small bull wedge forming but the Kovach OBV has flatlined, which suggests we need strong momentum to break through. If so, $2965 is the next level above, and we anticipate $3K to be a hard upper bound for now. If we break down further, $2762 is likely to hold, but watch the vacuum zone down to $2651.
