Ethereum Maintains Narrow Range

9 Ara 2021

Ethereum has maintained the narrow range between $4258 and $4450. A red triangle on the KRI evidences the sharp resistance we met at $4450, yet green triangles on the KRI are suggesting strong support at $4258. This could suggest a mean reversion strategy might be a good idea, however keep in mind that the longer ETH ranges, the more likely it is that it will break out. We have a vacuum zone down to $4020. There is another one above to $4670. The Kovach OBV is completely flat, suggesting that we will need momentum coming through either way before ETH makes its next big move.