Ethereum Ranging

17 באוג׳ 2021

What we thought was a bull wedge in ETH has evolved into a horizontal channel between $3148 and $3324. We are still seeing a clear affinity for higher levels, but watch out for the vacuum zone down to $2965. After that is another wide vacuum zone to $2651. The Kovach OBV has waned, but we are holding a very narrow range which always precedes a breakout either way. Our next target is $3473.