Ethereum appears to be continuing its bull wedge pattern, with a hard upper bound at $2400. This is the level we must break if there is any hope of ascending past the $2K handle. It has provided extreme resistance in the recent past. There is a divergence in the Kovach OBV which is still quite bearish. This suggests that ETH will break down, rather than up and find support again at $2232 or $2134. If we are able to break $2400 then our next target is $2556
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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.