Ethereum Consolidating!! Breakout??

29 de jul. de 2021

Ethereum is drifting in the vacuum zone between $2232 and $2400, forming a bull consolidation pattern. The Kovach OBV is flat, but if Bitcoin breaks out, momentum will surely carry through to Ethereum. We still must break $2400 to be solidly considered bullish and the next major level is around 2.5K. if we can break through to the upper 2.5K handle then we will be solidly bullish, but this is the make-or-break for Ethereum, and the crypto market. We will see if the bull run has returned or if we will dump back to lower support levels in the lower 2K handle perhaps today, but surely this week.