Ethereum has retraced a bit from $3200, stalling our expectation for a breakout. We have adjusted the lower bound of our bull wedge pattern to reflect this dip. We should find support at current levels but if not, we have the psychological $3K level or $2965. Be careful because there is a vacuum zone down to the mid $2K handle at $2651. If we are able to breakout, we will hit our target of $3473, and solidly establish the mid $3K handle. The Kovach OBV is strong but has bent sharply to reflect the selloff
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.