Ethereum caught some strength, bringing us back to relative highs. This coincides nicely with the head of the failed head and shoulders pattern. We asserted that a failed head and shoulders pattern is a bullish sign and this is to be expected. The question is whether ETH can break through $3363, or if it will reject these higher levels and return to support in the $3100 or $3000 handle. The Kovach OBV is still pretty flat suggesting a bit of a price divergence.
Join my discord at discord.io/quantguy
