Amazon News Sparks ETH Recovery? (3/4/21 Forecast)

Ethereum rallied on Wednesday, rising up to the 38.2% fib retracement at $1,656 on the Amazon Workspace news before giving back a bit of the gains and closing the daily candle around $1,600. This is a very bullish candle as ETH puts in a higher high and higher low, reaching higher and starting to form the right side of a bottoming pattern’s ‘U’ shape.