Ethereum Tests Relative Highs!!

31 באוג׳ 2021

Ethereum caught some strength, bringing us back to relative highs. This coincides nicely with the head of the failed head and shoulders pattern. We asserted that a failed head and shoulders pattern is a bullish sign and this is to be expected. The question is whether ETH can break through $3363, or if it will reject these higher levels and return to support in the $3100 or $3000 handle. The Kovach OBV is still pretty flat suggesting a bit of a price divergence.