Ethereum Corrects Slightly

12 Ağu 2021

Ethereum has retraced a bit from $3200, stalling our expectation for a breakout. We have adjusted the lower bound of our bull wedge pattern to reflect this dip. We should find support at current levels but if not, we have the psychological 3K level or $2965. Be careful because there is a vacuum zone down to the mid 2K handle at $2651. If we are able to breakout, we will hit our target of $3473, and solidly establish the mid 3K handle. The Kovach OBV is strong but has bent sharply to reflect the selloff