Ethereum Near Lows

10 Haz 2022

Ethereum has found support in the low $1700's, and made an attempt for the $1900's eariler this week. But this rally was quickly faded and we are currently back to support just above our level at $1748. We are currently in a range between $1748 and $1821. The Kovach OBV has completely leveled off, so we anticipate that $1821 will continue to provide resistance. If not, we are sure to meet resistance in the $1900's. Stocks have sold off yesterday, which may portend a selloff in crypto as well. If so, expect support at $1695, the lower bound of the range we've been holding all month.