Welcome to this analysis about Ethereum , we are looking at the 4-hour timeframe perspectives. As Ethereum managed to hold its structure I discovered some interesting developments and as Ethereum develops above the 800- as well as 700-EMA it has formed there this main descending-wedge-formation with the coherent wave-count from A to C almost already completed. Now when Ethereum manages to stabilize further here and finally show up with a breakout above the upper-boundary this will complete the whole descending-wedge and Ethereum will follow-up with further continuations to test the main remaining upper resistance which is also the target-zone of the . When this happens it has to be elevated further if Ethereum manages to continue bullishly or firstly shows up with a pullback which is not unlikely in this case.
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Information provided is only educational and should not be used to take action in the markets.