Ethereum Breakout or Retrace??

١٥ يناير ٢٠٢١

Ethereum looks like it is forming a bull flag. It has met resistance at $1211, one of our Fibonacci levels. Indeed, the apex of this bull flag is at this level exactly. The next major level from above is the relative high at $1347. From below we have support at $1105 and $1030. The Kovach OBV is relatively strong, but has flattened recently. This could indicate more ranging or a pullback to those support levels