ETH/USD – Ether Forms Short Term Rising Wedge
Key SL: $2200, $2100, $2035 – $2000.
Key RL: $2340, $2400, $2440.
Ethereum has seen a promising start to July as it breaks above the 20-day MA and heads above $2200. The cryptocurrency now faces resistance at $2340, provided by a .236 Fib Retracement, and is trading above a rising trend line.
Key SL: $2200, $2100, $2035 – $2000.
Key RL: $2340, $2400, $2440.
Ethereum has seen a promising start to July as it breaks above the 20-day MA and heads above $2200. The cryptocurrency now faces resistance at $2340, provided by a .236 Fib Retracement, and is trading above a rising trend line.