Ethereum Dips, Finds Support

11 Kas 2021

Ethereum retraced from highs with the rest of the crypto market. We saw a large selling candle with a wick that extended down to our support level at $4450 on the dot. We have since regained strength and are just above our level at $4670. We are currently hovering just below highs at $4858. After such a huge rally, it is likely to see some sideways correction at least before the next rally. The Kovach OBV has dipped sharply, and we will need more buying conviction before we can make new highs again.