quantguy

Ethereum Falls Short of Highs

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Ethereum bucked Bitcoin's blues and made another run for highs. We broke through $4450, the level we identified yesterday, and are currently just below highs at $4858. A red triangle on the KRI is suggesting some resistance, even though we are roughly in the middle of the vacuum zone to highs. If ETH cannot sustain the rally, watch for $4670 to provide support, but then we have another vacuum zone to $4450, which should provide strong support. The Kovach OBV is strong, but has flattened, so watch for a retracement.

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