After reaching our profit target from the inverse head and shoulders breakout, Ethereum has been ranging. It is testing the range between 1748 and relative highs at 1936. Most recently, ETH has felt the shock of the selloff in BTC which is taking us back to relative lows at 1748. A further selloff could take us back to support at the neckline of the inverse H&S pattern at 1654. The Kovach OBV is pretty bearish right now, but the Chande is as well. When both indicators are so bearish it signifies that we may be oversold and ready for a bounce.
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