ETHUSDT: Mixed Signals Leave Traders Guessing

Hello All,

ETH is giving us mixed signals. There is currently a 7 day rising wedge that has been formed (white lines).

ETH price is currently holding 50 MA + Trend Support.

If price can bounce off this area, we can see a bounce to $1846, met with the top trend line of the rising wedge.

If these two marks can not hold, ETH can drop to roughly $1567, met with a long term trend (purple) and the 100 MA (blue).

Thank you!

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