Ethereum has been on a solid rally since our head and shoulders pattern failed to break. Recall that a failed head and shoulders pattern is usually a very bullish sign and this is one example. We have broken out from a consolidation pattern bounded by $3861, and are currently facing issues with the psychological $4K level. A red triangle on the KRI confirms the resistance. Immediately above that, we have a resistance level of $4020, which should provide resistance as well. After that, there is a vacuum zone to $4.8K but we will likely establish more levels between that if we can break into the $4K handle.
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