Ethereum is holding the range after rejecting the $1900's. It appears to be confined to $1750 and $1900 for now. Be careful because we have a head and shoulders type pattern forming, so if we re unable to make higher highs at some point soon, its a bearish sign. The neckline for this pattern appears to be the lows of the range at $1750. If we break down, we will see support from the neckline of the previous inverse head and shoulders at $1654. The Kovach OBV has been oscillatory lately, confirming the ambivalence.
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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.