EthereumShort
Ethereum Rejects Higher Levels
Though bulls were hopeful that Ethereum would be able to pull off higher levels in the 3K handle and eventually test the 
4K's again, we sold off hard with the rest of the crypto market. We were holding a nice range between $3324 and $3473, with an apparent bull flag forming, however we simply could not sustain these levels and promptly dumped to $3200, the exact level we called out in these reports. We should have strong support from two technical levels around $3200 but if not, we could retest the base of the 3K handle, essentially retracing this entire move. It is doubtful momentum will pick up any time soon, as the Kovach OBV has slumped. But if it does, then we must break $3473 before we can consider our next target at $3563.
4K's again, we sold off hard with the rest of the crypto market. We were holding a nice range between $3324 and $3473, with an apparent bull flag forming, however we simply could not sustain these levels and promptly dumped to $3200, the exact level we called out in these reports. We should have strong support from two technical levels around $3200 but if not, we could retest the base of the 3K handle, essentially retracing this entire move. It is doubtful momentum will pick up any time soon, as the Kovach OBV has slumped. But if it does, then we must break $3473 before we can consider our next target at $3563.
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