Ethereum has broken out to make new highs! We have pierced through $4616, and are about midway through the vacuum zone to our next level at $4858. We are seeing a series of red triangles on the KRI, suggesting that ETH is running into resistance and may retrace soon. If so, expect support at $4616, then $4450. The Kovach OBV is still relatively strong, but has tapered, suggesting that ETH may have topped off for now.
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Ethereum new highs!! Inches away from our profit target!!
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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.