Ethereum With Upward Momentum - Bear Flag Likely
ETH starting to see some upside now:
Indicators are all on the rise as we see ETH underway for a nice little upside. I'm not getting too confident, as this very much looks like a bear flag to me. I see overall declining volume as shorter technical indicator levels are starting to show more signs of bear pressure.
ETH has maintained closes above $262, but will need to make a close above $280 in the near term to continue it's run. There's several key levels ahead that it will need to break through, and with falling volumes, I'm not too sure the likelihood. Upper wicks on every top candle are present indicating levels of profit-taking and hinting that people are still not too confident in the movement to the upside.
Upper resistance level is looking super strong at the $286-285 level.
Overall resistance level is still trending down.
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