- Ethereum is trading 1.3% higher today and the major cryptocurrencies are mixed.
- The descending wedge formation on the one-hour chart has just been broken.
There has been some buying volume going through Ethereum which has caused the pattern on the one-hour chart to break to the upside.
On Saturday when the market pushed higher Ethereum failed to test the 200.00 level.
Since the market has moved into a corrective consolidation phase between 200.00 and 173.86.
The pattern break on decent volume could indicate a move higher is on the cards.
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