Can Ethereum Regain Highs??
Ethereum made a run for higher levels, after crossing the vacuum zone to $4258, and punching through the cluster of levels above. The rally seemed to lack characteristic aspects of proper crypto pumps like large green candles on the 30 min chart and a large bull run in the Kovach OBV. Furthermore, we are seeing some red triangles on the KRI starting to form suggesting that we are beginning to encounter resistance. If so, we could easily break down through those cluster of levels at $4351 and $4258, and cross through the vacuum zone to support at $4020. Otherwise, $4670 is the next target.
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