Ethereum broke down on Friday, punching through to the $3K handle before quickly recovering to the low 
4K's. This is the third time this month we have broken through $4020. The more comfortable we are with these lower levels, the more likely ETH is to test the waters lower in the $3K handle. But for now, we seem very content at the psychological 4K level, currently sitting just below our next technical level at $4020 for now. The Kovach OBV is essentially flat, with a slight bull bias, but that could be easily smacked down again if more bear momentum comes through. If not, we will have to break $4258, the next level above to see higher levels in the 4K handle again.
4K's. This is the third time this month we have broken through $4020. The more comfortable we are with these lower levels, the more likely ETH is to test the waters lower in the $3K handle. But for now, we seem very content at the psychological 4K level, currently sitting just below our next technical level at $4020 for now. The Kovach OBV is essentially flat, with a slight bull bias, but that could be easily smacked down again if more bear momentum comes through. If not, we will have to break $4258, the next level above to see higher levels in the 4K handle again.
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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.