Ethereum Pulls Back to the Base of the $1300's

19 Eki 2022

As predicted yesterday, $1341 was too heavy for Ethereum and it retraced back to support at $1288. Red triangles on the KRI confirmed that resistance at $1341 was prohibitive and we fell back to safer levels, confirming the range Ethereu has held for past month or so (aside from that dip to the $1100). The Kovach OBV is pretty flat, suggesting that we need more momentum to come through either way before we are able to break out from $1341 or test lows. We expect $1235 to hold as a lower bound for now.