Ethereum SMASHES Lower Levels!! 📉😣

10 May 2022

Ethereum has fallen with the rest of the crypto market, smashing through several significant level, but finally leveling off around $2232. We are seeing several green triangles on the KRI at this level suggesting it will hold strong. We saw a nice pivot back to $2402, where we are currently meeting resistance. The Kovach OBV has flattened, but is still very bearish. If the selloff continues, $2232 is the level to break before considering lower levels. After that, $2143 is the next target. If we are able to break further, we should have resistance from the $2500's, which correspond to a significant Fibonacci level on the daily chart.