Ethereum Presses Higher

Ethereum has gotten a nice pump. It has blasted through our upper level at $1235, only to meet stiff resistance just above that and retrace back to comfort just below that level. If we retrace further, we are likely to test the lower bound of the range at $1017. If momentum picks up again, the next target is $1341. The Kovach OBV is on a nice bull trend, but has since leveled off so a retracement is likely.