Ethereum

ETH Back to EMA 12 Support on the 4 Hour

1 040
After seeing continuation last night to a higher high, we have seen more significant consolidation to cool off RSI levels.
The notable difference in the previous consolidation is that it was upward sloping and did not cool off RSI levels.
This gives a "wedge" patten that often leads to a bear break and pull back.
Also worth noting the triple top on BTC which held back the bulls from any significant continuation.
Now we patiently wait, keep an eye on consolidation volume, and see if the bulls can hold this 4 hour EMA support again, just like the last period of consolidation did before the bullish continuation and another leg up.

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