Ethereum has steadily risen from $3680 or so, just above our technical level at $3646. We saw it steadily rise in a bull channel type pattern to regain the 
4K handle. Ethereum seems to have established strong value in the low 
4KS, but it has dipped into the $3Ks several times within the past months, so we remain to see if we are out of the woods yet. If Ethereum cannot hold 4K, it is sure to dip deeper into the $3K's again, where $3861, then $3646 will provide support. If we can breakout from the waning ranging around 4K, then the next target is $4258.
4K handle. Ethereum seems to have established strong value in the low 4KS, but it has dipped into the $3Ks several times within the past months, so we remain to see if we are out of the woods yet. If Ethereum cannot hold 4K, it is sure to dip deeper into the $3K's again, where $3861, then $3646 will provide support. If we can breakout from the waning ranging around 4K, then the next target is $4258.
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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.