Bull Wedge in Ethereum??

11 May 2022

Ethereum appears to be edging up from lows, forming a bull wedge pattern at $2454. The Kovach OBV is still very bearish, suggesting that $2454 will provide prohibitive resistance. If so, expect $2232 and $2143 to hold with the latter a likely floor price for now. If we are able to break out, then we should see some resistance from the $2500's, with $2651 a likely ceiling for now.