EthereumShort
Ethereum Edges Up
Updated
Ethereum is trending up from lows at $3646, but it appears to be running into resistance at our level at $3861. It seems we are still unable to reclaim the 
4K handle, and may continue this way into 2022. We are seeing a bull divergence with the Kovach OBV, which is trending up steadily, and a bull wedge pattern forming with the uupper bound at $3861. This could indicate that Ethereum is about to breakout. If so, the next level above is $4020. How it reacts here is critical in discerning whether it wants to reclaim the 4K handle or return to comfort in the 3K's.
4K handle, and may continue this way into 2022. We are seeing a bull divergence with the Kovach OBV, which is trending up steadily, and a bull wedge pattern forming with the uupper bound at $3861. This could indicate that Ethereum is about to breakout. If so, the next level above is $4020. How it reacts here is critical in discerning whether it wants to reclaim the 4K handle or return to comfort in the 3K's.Note
...aaaand Ethereum rejects $3861, heads back down to support at $3646. Currently hanging on by a thread...
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.