Ethereum has found support in the lower $3K handle after plummeting from $4K. We do appear to be tending up toward to the mid $3K's at the moment, but appear to be bounded by $3500. Three red triangles on the KRI seem to confirm the resistance. We do appear to be forming a bull wedge suggesting that Ethereum may be building up steam for a breakout. The Kovach OBV is picking up slightly, which may support this. If so, the next target will be $3646, then $3861, which is the last level of resistance before we can think about the $4K's again. If another bear wave comes through we should see support around $3200, then $3000.
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