Sideways Correction for ETH

2 Agu 2021

Ethereum has shown great strength, solidly breaking $2400 which was once a significant upper bound. We met resistance at $2651, and are currently holding a sideways corrective pattern with the lower bound at $2556. We could be forming a head and shoulders pattern with the neckline at $2556, so be careful of the vacuum zone below back to $2400. But the Kovach OBV is still strong, suggesting that the bull run may not be over for ETH. If we are able to break $2651, then there is a vacuum zone above back to $2965. Then the next challenge for ETH will be breaking into the 3K handle again.