Ethereum has continued to rally, currently just below our next target at $4858. We are starting to encounter a series of red triangles on the KRI showing that perhaps this rally is increasingly meeting resistance. Currently, the Kovach OBV has dipped sharply, which may indicate that a consolidation or retracement is near. If so, we anticipate it to range between $4616 and $4858. Fundamentally, Ethereum looks incredibly strong, and a retracement should give us a buying opportunity. Buying at current levels would be FOMO.
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