Ethereum broke down on Friday, punching through to the $3K handle before quickly recovering to the low $4K's. This is the third time this month we have broken through $4020. The more comfortable we are with these lower levels, the more likely ETH is to test the waters lower in the $3K handle. But for now, we seem very content at the psychological $4K level, currently sitting just below our next technical level at $4020 for now. The Kovach OBV is essentially flat, with a slight bull bias, but that could be easily smacked down again if more bear momentum comes through. If not, we will have to break $4258, the next level above to see higher levels in the $4K handle again.
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