$ETH Update – Rising Wedge in Play


Ethereum is currently trading inside a rising wedge and is starting to show signs of weakness near the upper resistance zone around $2,230–$2,260. Price recently faced rejection from this area and is now struggling to maintain momentum.
As long as ETH remains inside this structure and below resistance, the setup leans bearish. A breakdown from the wedge could lead to a move toward the $2,100–$2,050 region.
For now, the market is reacting at resistance, and unless strength comes in, downside pressure is likely to build.
DYOR. NFA
#Ethereum
ETH-2.62%
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