Ethereum Slips, but has Strong Support
Ethereum has slipped past $3473 to find support at $3416, which we have identified as a new technical level. We are finding strong support here as confirmed by several green triangles on the KRI. If crypto's find renewed momentum, we could see another push back up to the range we had held between $3473 and $3646. Watch out because we do appear to be forming a bear wedge pattern, and there is a vacuum zone below to $3324. The Kovach OBV is strong, suggesting a bull divergence.
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