Ethereum in Make or Break situation for the rising wedge!
Ethereum tests the support line around 4k$ which falls together with the current low point of the rising wedge.
Currently Ethereum holds much stronger than Bitcoin and looks more bullish.
The RSI is relatively low with 40 and is within a broad consolidation wedge that could be valid for another month.
We expect Ethereum to hold the current support around 4k$ and bounce back up towards 5k$.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers Ctumbler
Currently Ethereum holds much stronger than Bitcoin and looks more bullish.
The RSI is relatively low with 40 and is within a broad consolidation wedge that could be valid for another month.
We expect Ethereum to hold the current support around 4k$ and bounce back up towards 5k$.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers Ctumbler
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