Ethereum
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Ethereum Retraces, $2800's Still a Barrier

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Ethereum made a run for highs. At the same time Bitcoin was testing $40K, ETH was testing $2852. Several red red triangles on the KRI confirmed resistance as we attempted to break higher, and proved that $2852 was a max upper bound. We have since retraced back to $2556, deeper in the $2K handle. The Kovach OBV is flat, suggesting current levels should hold unless we get another burst of momentum. If current levels do not hold, then there is a vacuum zone down to $2454, with lows at $2324 a likely floor. If we see some bull momentum, then $2852 is the level to break before we can consider $3K again.

Feragatname

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