Ethereum in the $2K Handle!!

22 Eyl 2021

Ethereum plummeted deeper into the 2K handle, finding support at $2651, a level we have identified many times. It has retraced the vacuum zone but is currently finding resistance at $2965. The Kovach OBV is still quite bearish, but has leveled off, suggesting at least that the bleeding has stopped for now, but we do not seem to have the momentum to break through $2965 at the moment. The 3K handle will now provide further resistance, and we will see if Ethereum can muster the momentum for an attempt at this level later, as the trading day progresses.