Ethereum Stabilizes at Lower Levels

Ethereum has dumped back to comfort in the $3K handle, after a very weak attempt to hold the low $4K's. We smashed through our support level at $3861 and have found support at a relative low at $3765, which we have added as another technical level. There is a lack of buyback to this dip, which should be worrisome for bulls. If we tumble further, there is a vacuum zone below to $3646, then we should have further support at $3563. The Kovach OBV has dropped notably, as has the Kovach Chande, so we will need to see some serious bull momentum come through in order to recover the $4K handle.