Ethereum has plummeted from relative highs at $4K, spanning $1K to test $3000 before it recovered and equilibrated finally in the mid $3K's. It appears to be finding good support at $3200, as confirmed by a green triangle on the KRI. Watch for ETH to establish value here and potentially form an inverse head and shoulders before making a run for higher levels and potentially regaining the $4K handle. We are still looking technically quite weak, so if you do start to accumulate a position, be ready to buy at lower levels such as $3200 or $3148. The Kovach OBV is bearish but has at least stabilized.
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