ETH has been rejected at its ascending wedge resistance. We need to wait for confirmation to enter a trade here. ETH/USD has been super bullish the past few weeks and I see great potential in the near future.
if ETH continues to struggle at wedge resistance, we can expect to see price trend down. $1500 & $1430 mark strong support areas. We can potentially see heavy buying activity around those areas. If we fail to hold these support levels we will possibly test $1350 area. RSI is also over bought.
Break out of this wedge would indicate huge potential for ETH.
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