Ethereum is trending up from lows at $3646, but it appears to be running into resistance at our level at $3861. It seems we are still unable to reclaim the $4K handle, and may continue this way into 2022. We are seeing a bull divergence with the Kovach OBV, which is trending up steadily, and a bull wedge pattern forming with the uupper bound at $3861. This could indicate that Ethereum is about to breakout. If so, the next level above is $4020. How it reacts here is critical in discerning whether it wants to reclaim the $4K handle or return to comfort in the $3K's.
Commentaire:
...aaaand Ethereum rejects $3861, heads back down to support at $3646. Currently hanging on by a thread...
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