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Ethereum Tests $3K's!!

Ethereum got a lift with Bitcoin, but 3K still remains a barrier. We are seeing two red triangles on the KRI at $3042, with 3K holding by a thread. We do appear to be forming a bull wedge, or other bull consolidation pattern, but it could go either way at this point. Crypto is looking a bit top-heavy and a retracement could take us back through $2965 to $2852 or lower to $2762. The Kovach OBV is still bullish and appears to be curving up suggesting a bull divergence with the bull wedge, which may suggest a breakout. If so, then $3148 and $3200 are the next targets.

quantguy

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Ethereum Lifts, But $3K Still a Barrier

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