Ethereum Slices Through Support Levels

4 Mar 2022

Ethereum has rejected its attempt for the 3K's. We saw strong resistance at 3K, with several red triangles on the KRI and a rounding top in the price action. We have sliced through three major levels with the selloff in a stairstep type pattern. We broke $2852 and $2762 with ease and currently appear to be making a run for $2651. The Kovach OBV is arching down, but we might bottom out soon. If so, $2651 or $2556 are good candidates. If we somehow rally, then 3K remains a barrier.