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Welcome to this ETH update.
ETH is not looking good here. Forming a rising wedge pattern in 2hr time frame and currently hovering near the resistance level. ETH has a strong resistance at $1250-$1280 level.
If we successfully break down this rising wedge pattern then I'm expecting ETH to hit $950-$980 level.
Invalidation level:- If ETH breaks and close above $1300 then this pattern becomes invalidated.
What do you think about this? Do you think we are heading for a correction from here or do you think that it will clear the resistance and pump? Share your views in the comment section.
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