Ethereum Preparing to Breakout??

Ethereum appears to be establishing a range between $2762 (which we have added to our chart as a new technical level) and $3148. We are gradually seeing the Kovach OBV pick up reflecting some buying, but a red triangle at the upper bound of this range suggests that we are facing resistance. Watch for a retracement to $2965 again. We may see a bull consolidation pattern start to form, preceding a breakout to higher levels. If so, $3324 appears to be the next target.