ETH/USD Rising Wedge, Volume remain low

21 בינו׳ 2018

Weakness detected in recent ETH/USD recovery from recent 2018 low as price increase not supported by significant volume increase. Rising wedge formation on ETH/USD chart or parallel upward channel. Either way a break of 1,000 psychological support level will open ETH to fall lower to next support zone.

Here are key price levels for ETH/USD:

R2 - 1240
R1 - 1160 (61.8 pct fibo)
S1 - 1078
S2 - 1000