Ethereum has seen nice support from our level at $3646, and will likely form a consolidation pattern as it gears up for another breakout. It appears to be in the consolidation phase of a dragon head pattern. The dip in crypto and meltdown in BTC did not seem to faze ethereum, and this demonstrates the strength this coin has at the moment. The Kovach OBV is broadly strong but has dipped a little with the selloff. A breakout would take us back to highs at $4293, but it is also reasonable to expect it to test lows again at $3646.
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