Can Ethereum Breakout??
Ethereum / U.S. dollar BITSTAMP:ETHUSD
Ethereum has found support and is forming a consolidation pattern in the low $2K handle. We are seeing potentially a bull wedge pattern forming with an upper bound around $2143. The Kovach ObV is picking up, so there is the potential for a breakout to take us back to the $2200’s or so. If we are able to solidify this, the next major target is $2402. We are seeing strong resistance above from red triangles on the KRI . If we reject current levels then $2K will provide support with an ultimate floor in the mid $1700’s.
