Ethereum Ready for a Breakout??

11 ส.ค. 2021

Ethereum continues its bull wedge consolidation pattern we identified yesterday. We are extremely bullish of Ethereum and it looks like it is gearing up for another breakout to the next profit target at $3473. The Kovach OBV is extremely bullish, and we keep encroaching upon the upper bound of our bull wedge at $3200. In fact, we have broken through it. The price at the time of this writing is $3227, but we are not seeing the momentum follow through to justify calling this a 'breakout' just yet. Hopefully we will see more follow through closer to open. If not, we have a vacuum zone below to $2965 then $2651.