Ethereum has been making nice moves to the upside. Yesterday, the bulls tired at $740 and the bears stepped in to drive prices below $685 until the bulls came back only to test $740 again before getting rejected yet again.
The good news is overall bull volume on the 4-hr chart is increasing. On the shorter chart below, we saw an extremely bullish candle.
Short term bull volume is fading though, and technical indicators have peaked and are showing bearish pressure coming. Declining volume overall and price chart action is showing consolidation, so if we can keep seeing higher lows on the shorter trend, we are still looking good for bigger action.
Hope everyone had a great weekend and has a good Monday.