Ethereum has hit our profit target of $3646 before consolidating around $3470 which appears to be a POC. We will have further support from $3186, then again at $2962. The Kovach OBV is very strong but has tapered at highs, suggesting we are overbought and are due for a retracement or at least a consolidation at upper levels. The latter seems to be unfolding but be prepared for the downside risk of a retracement.
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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.