Ethereum Preparing to Breakout??

11 בפבר׳ 2021

Ethereum is ranging but flirting with highs. It could be in the process of forming a bull wedge pattern, which is very typical before a breakout. If so we would expect to see it test highs a few more times while consolidating. This is probably a good opportunity to accumulate a position. Our next target for ETH is $1905. From below we will see support at $1653, $1623, and $1593. But it is doubtful we will see $1500's. The Kovach OBV is bearish, which is odd, but suggests a bit of a divergence, so it is unlikely that ETH will break highs any time soon.