Ethereum Testing Upper Levels

Ethereum is drifting up toward highs as we mentioned in the last report. We said explicitly that $2965 was going to be our upper bound and if bull momentum continued, we were likely to test it. Watch for resistance here, and potentially a retracement. However, it does appear that Ethereum is likely to form a bull wedge with $2965 as the upper bound. The consolidation suggests it is gearing up to break out to higher levels. There is a vacuum zone above to $3473. From below $2400 should continue to provide support.