Ethereum
Panjang

Ethereum Blasts up to Relative Highs!!

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Ethereum has blasted through resistance levels to finally come up for air around $1944, the head of our head and shoulders pattern from several days ago. This is a very bullish sign for Ethereum. We are likely to see some resistance here, and perhaps a consolidation pattern before another breakout. The move seems to be extended and a retracement is likely. Watch for ETH to feel out current levels a bit before another bull run. The Kovach OBV is quite bullish, suggesting its FOMO to enter a long trade at this point, but there is a lot of risk to a short position. The best idea seems to zero in on support levels at $1906, $1872, and $1821 and wait for a dip.

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