quantguy

Ethereum Consolidating!! Breakout??

Long
BITSTAMP:ETHUSD   Ethereum
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.

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