Can Ethereum Hold the $1500's?

23 Ağu 2022

Ethereum has held its ground, finding support at $1547, as anticipated. Support is confirmed by multiple green triangles on the KRI. The Kovach OBV is still quite bearish, but does appear to be attempting to level off as the bleeding eases. A strong US dollar and hawkish Fed outlook should continue to weigh on crypto, but if the $1500's can hold, then $1653 is the next target. After that we will face further resistance from that cluster of levels in the $1700's. If support breaks then $1424, and $1341 should provide further support.