Ethereum Reaches Profit Target, Ranges

٤ نوفمبر ٢٠٢١

Ethereum has tested $4616 twice, forming a double top here. We anticipated ranging after acheiveing this target, and that appears to be exactly what we are getting. After new highs, ETH appears to be in a slight sideways correction. We have strong support at $4450, confirmed by a green triangle on the KRI, but beware of the vacuum zone below to $4528. The Kovach OBV is still strong, but has leveled off recently to reflect the ranging. If momentum can return, then the next target is $4858.