Resistance for ETH at Highs

Apr 14, 2021

Ethereum has blasted through the $2000's finally finding resistance at $2400, a psychological level and Fibonacci level. It is looking quite overbought right now, so jumping into a long would definitely be FOMO. A red triangle on the Kovach Reversals Indicator confirms the resistance. The Kovach OBV is very strong right now, but appears to be in overbought territory as well. The level $2232 should provide support. We anticipate a further correction or at least some sideways trading before ETH can push higher.