With the Bitcoin volatility fading out, it was expected that altcoins might gain power here.
The Ethereum price today is $4,279.00 USD with a 24-hour trading volume of $20,569,749,574 USD. Ethereum is up 2.73% in the last 24 hours, with a live market cap of $506,935,301,549 USD. It has a circulating supply of 118,470,406 ETH coins.
Rising Wedge Pattern: Analysis
Though Ethereum rose to make higher lows it could not break the previous highs, making lower highs as well. Higher lows and lower high has turned into rising wedge pattern. Ethereum is currently neutral in the 1-hour timeframe. The RSI is normal however the pattern signals more bearish moves after a successful breakout from here.