Can Ethereum Finally Break Out??

May 23, 2022

Ethereum is wavering at 2K, holding a narrow range between $1900 and $2143. The Kovach OBV has completely flatlined, and hopes that we were seeing a bull wedge pattern forming have fizzled. If we don't see momentum come through soon, we may see another dip to the $1700's, or lower. From above, we must first break $2143, then the next targets will be $2232 and $2324. We anticipate $2400 to hold as a ceiling for now.