Ethereum is ranging in the low 
4K handle. Luckily, we have seen strong support from 4K, at our level at $4020, so we are confident that ETH will hold 4K, even if another wave of selling bats us back down from current levels. Currently, we are consolidating around the highs of the range established between $4020 and $4450. We do appear to be forming an inverse head and shoulders pattern with $4450 as the neckline. If we are able to punch through this, then $4670 should be the next target. The Kovach OBV turned sharply, but has recovered. It's a bit oscillatory at the moment, suggesting Ethereum is comfortable with the current range for now.
4K handle. Luckily, we have seen strong support from 4K, at our level at $4020, so we are confident that ETH will hold 4K, even if another wave of selling bats us back down from current levels. Currently, we are consolidating around the highs of the range established between $4020 and $4450. We do appear to be forming an inverse head and shoulders pattern with $4450 as the neckline. If we are able to punch through this, then $4670 should be the next target. The Kovach OBV turned sharply, but has recovered. It's a bit oscillatory at the moment, suggesting Ethereum is comfortable with the current range for now.
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Join my discord at discord.io/quantguy
Related publications
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.