EthereumLong
$4K Holds for Ethereum... For Now...
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Ethereum continues to slide, but is stubbornly holding onto the 
4K handle. We have tested our level at $4020 again, but have regained the $4100's, just below our next target at $4258. The Kovach OBV is still pretty bearish, but does appear to be picking up. We will need more momentum to come through in the crypto market to see ETH reach higher levels in the 4K handle, but the next target after $4258 would be $4450, then $4670. If we are able to break down below 4K, then $3861 is the first level of support in the 3K handle.
4K handle. We have tested our level at $4020 again, but have regained the $4100's, just below our next target at $4258. The Kovach OBV is still pretty bearish, but does appear to be picking up. We will need more momentum to come through in the crypto market to see ETH reach higher levels in the 4K handle, but the next target after $4258 would be $4450, then $4670. If we are able to break down below 4K, then $3861 is the first level of support in the 3K handle.Note
Ethereum is facing resistance aroudn $4341, which we have added as a new technical level. This is also the neckline of the failed inverse head and shoulders pattern. This is a very bearish sign, that we could not break out from the inverse H&S and are *still* having trouble cracking it.
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