Ethereum Rallies, Faces Resistance

٢٦ أكتوبر ٢٠٢١

Ethereum is outperforming other cryptos due to exuberance over the next network upgrade. We are currently testing $4258, which is the last level before highs at $4380. If we can break out, the next target is $4450. The Kovach OBV is rather flat, suggesting there is not a lot of momentum to this move, and we may anticipate some ranging at current levels. If so, we expect the price remain confined between $4020 and $4380. If we cannot sustain the 4K handle, then the next level of support is $3861.