Ethereum Regains $3K!!
Ethereum has regained the 3K handle after breaking down from our head and shoulders pattern, testing $2852. We saw strong support here from several green triangles on the KRI, and support held strong until another wave of momentum took us back to the 3K's, past the neckline of our head and shoulders pattern at $3042. Currently, we are just above this level, meeting resistance just below the next target of $3148. We are seeing several red triangles on the KRI throughout this rally, suggesting that momentum may be weakening. If so, anticipate support at $2965 or $2852 again. If not, then $3324 is the next top, a relative high and the "head" of our head and shoulders pattern.
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