ETHEREUM Getting Held Up At $609 -- Bulls Needed To Break -- Bull Break Likely!!!

After a nice bull break this morning, bulls are getting held up at the $609 level. The good news is that there seems to be rejection at the $602 level and we are seeing this hold up as solid support for now.

Volumes are tapering down, so the consolidation at this level is a good thing. I'm anticipating a tightening range and then a bull break once prices stabilize.

I didn't draw it out in the chart, but we can also see a reverse head and shoulders chart pattern happen on the 1-hr. This is a great sign and another factor for why I'm predicting a bullish breakout from the current short-term consolidation.

$600 is the floor below $602.