Ethereum has been trending up, inching higher highs as volatility consolidates. It appears to be gearing up for another breakout which should smash our profit target of $3646. After this, the next target is $4015. There is certainly a chance of a retracement, especially since ETH has appreciated over 50% in a matter of days. If so, $3186 will provide support. There will be strong support at $2962 from a Fibonacci and technical level. The Kovach OBV is very strong, and could be encroaching into overbought territory.
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