ETH in falling wedge wating for breakout
Ethereum is following Bitcoin and forming a falling wedge as well. It has touched support at $2770 and its now trying to reach upper resistance trendline at around $3200. Any bearish price action would take ETH back down. I'll be looking for short opportunities. A breakout from falling wedge would take ETH to new ATH, which will happen eventually.
We need to be patient on this level and for the wedge to play out. Wedges are bullish patterns and I expect ETH to reach back ATH very soon. October should be a very good month as the higher time frame is still bullish.
We need to be patient on this level and for the wedge to play out. Wedges are bullish patterns and I expect ETH to reach back ATH very soon. October should be a very good month as the higher time frame is still bullish.
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