Ethereum has retraced a bit from highs, finding support just above our level at $4616. This was the exact level we anticipated support in the last report. We are seeing several green triangles on the KRI, suggesting ETH is getting good support from this level. The Kovach OBV is still pretty strong, but has leveled off suggesting that we may range a bit at current levels. If not, we anticipate support at $4450, $4258, and $4020. Should we break out again, the next milestone will be the $5K handle, which is extremely psychologically significant for ETH. In particular, $5230 is the next target.
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