EthereumShort
Ethereum Recovers $4K... Can it Sustain?? 🤔
Ethereum got a huge lift from the FOMC statement yesterday. We rallied from lows at $3646, finding support at our level exactly. We've since regained the 
4K handle, if but barely. We appear to be hanging on by a thread at support at $4020. Two red triangles on the KRI suggest resistance here. The Kovach OBV has turned sharply bullish, but is leveling off suggesting that we may be oversold at this point, due for a correction. That FOMC rally was enough to get us back to 4K, but it might not be enough to keep us there. Watch for support at $3861, then $3646 again if things turn south. If we can muster another rally, then $4258 is the next target.
4K handle, if but barely. We appear to be hanging on by a thread at support at $4020. Two red triangles on the KRI suggest resistance here. The Kovach OBV has turned sharply bullish, but is leveling off suggesting that we may be oversold at this point, due for a correction. That FOMC rally was enough to get us back to 4K, but it might not be enough to keep us there. Watch for support at $3861, then $3646 again if things turn south. If we can muster another rally, then $4258 is the next target.
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