Ethereum has sold off from relative highs just above our level at $4020. It did seem like ETH was making a concerted effort to cross the vacuum zone to $4258, but several red triangles on the KRI marked resistance. From here, ETH tumbled giving up the $4K handle entirely, and finding value in the $3K's, currently finding support at $3861, the first major level in the $3K handle. Astute readers were alerted to this selloff in yesterday's report. The Kovach OBV has dipped sharply, suggesting that momentum is on the bearish side for now, but we will see if $3861 can continue to provide support. If it can, then we should at least range between this level and $4020. If not, the next level down is $3646, which should provide support.
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