Bull Wedge Breakout in Ethereum?

Ethereum has formed a bull wedge at $1341 and appears to be breaking out. We are wicking just above this level, but the Kovach momentum indicators have actually turned south suggesting this may be short lived. If we can keep the momentum going, then $1424 is the next target. It appears we are already running into resistance. If things turn south, expect stability around $1341, with $1235 a likely lower bound for now.