Can Ethereum Test $3K Again?

4 May 2022

Ethereum found good support again from $2762, but $2852 remains a barrier. Many red triangles on the KRI confirm that Ethereum is having issues breaking this level. The Kovach OBV is bearish and tapering down, so we will need a lot more buying momentum to come through to even consider breaking this level. However, the bear rout has been persistent and we are due for a relief rally. If so, we should find strong resistance at $2965, and 3K. If we fall further, then $2651 should provide support.