Ethereum Tests Lows
Ethereum has sold off from the low $1900's to support in the low $1700's. The fact that it could not even test the 2K's again is a testament to its weakness. We saw a nice rally at the end of the weekend, which got swiftly smacked down to support at $1717, where we are currently wavering. There is an obvious lack of buying interest at these lows, suggesting we will need to wait for another dump or a serious rally in stocks to see any bids. The Kovach OBV is has flatlined, so anticipate ranging to continue with strong support from the $1700's and resistance in the $1900's.
Join my discord at discord.io/quantguy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.