Ethereum Breakout Soon??
Ethereum is consolidating into what is appearing to be a bull flag pattern. We are finding support at $3646, making a few tests of this lower level. Green triangles on the KRI are confirming support. We are seeing a great deal of resistance at $3861, however, and are currently seeing a red triangle on the KRI just below this level. We will need a good burst of momentum to break through this level. After that, the next target is $3861, the last level of the 3K handle. Our next target after that is $4020. The Kovach OBV has slumped, so we must wait for more momentum before we can test these higher levels.
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