Can the Ethereum Rally Regain Highs??
Ethereum looks to be strengthening which is a bit of a divergence from Bitcoin. We have broken through $4450, and are in the middle of the vacuum zone between $4450 and $4670 at the time of this writing. We are seeing the Kovach OBV pick up, suggesting there may be legs to this rally. Watch $4670, as this is the next target and level of resistance. Should we break through this, then the next target is at highs. Just be aware that we are at relative highs right now, so if the pendulum swings back, we could head back to support at $4020.
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.