![Analysis logo.png](https://cdn.steemitimages.com/DQmbr6sL1CCknNr63LcQhWD4G9CE1R6p5iKrebioH73BGUj/Analysis%20logo.png)
### Ethereum is reaching the apex of a larger wedge it’s been operating in since January. We may see a break up or down within the next few days. 
![Screen Shot 2018-08-06 at 5.31.26 PM.png](https://cdn.steemitimages.com/DQmNNsTAiELdpQPsaCTNaovaVCbEGCRxT6S5WigGLgwB8RV/Screen%20Shot%202018-08-06%20at%205.31.26%20PM.png)
### I see 2 relevant zones that may trap long or short investors, depending on which direction price breaks. A break up could quickly be halted by a supply zone between $470 and $485. A break down might be reversed if/when price hits a demand zone between $378 and $363. 
![Screen Shot 2018-08-06 at 5.33.32 PM.png](https://cdn.steemitimages.com/DQmT7u5bKUCqv7NxEaeZDFrvbkgRDY83DuGFkpt78bcth6X/Screen%20Shot%202018-08-06%20at%205.33.32%20PM.png)
### In today’s video update I discuss price movement, entry and exit points I may use to trade Ethereum, traps to avoid and MUCH more. If you’re not watching my videos, you’re only getting a small part of the story. 
## Video Analysis:
https://youtu.be/dFxt5UBtHFI
#### *If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or https://mentormarket.io/profile/@workin2005?aff_id=Workin2005 in order to watch.*
### BIAS:
**Short Term: Slightly Bearish**
**Longterm: Bullish**

**I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!**
### *Workin*
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