Ethereum Getting Support from $4K

Ethereum has retraed to $4020, as we anticipated. Relative highs at $4450 seemed just too top heavy for ETH to sustain, and we quickly declined from there, in a slow but steady selloff. Support levels below $4450 did little to stop the bleeding, but $4K seems to be holding strong. We are seeing two green triangles on the KRI at $4020, confirming the support. The Kovach OBV has declined sharply, but we do appear to be getting a lift from the floor of $4K. This could be a relief rally into the broader trend. We will see how ETH reacts with $4258, the next level above, to determine if momentum can sustain. If it cannot, then $4K should hold, but keep in mind, the more this level is tested, the more ETH is comfortable breaking down further. The nearest level in the $3K handle is $3861, then there is a vacuum zone to $3646.