- The crypto market has undergone a vast surge in prices with no clear indication of its limit
- However, Ethereum has clearly been respecting an ascending wedge on the higher timeframe
- As a result, price with respect to the wedge will be observed and, upon break, a downside target has been identified, namely the 61.8 fibonacci
- Calling the tops and bottoms are very difficult tasks however the respect of the ascending wedge is too strong to ignore so will therefore be used as a strong indication of future price action here
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