quantguy

Breakout Near for Ethereum??

BITSTAMP:ETHUSD   Ethereum
Ethereum is ranging in right around $2400. We are getting good support from $2324, confirmed by a green triangle on the KRI. The Kovach OBV has completely flattened and volatility is consolidating suggesting a breakout might be near either way. If we break down, then $2143 should provide support, but if not then watch $2087 and $2025 for further support. These are the last levels in the $2K handle. After that, we should see support from $1945. If we catch a rally, then $2651 is the level to break before we can consider further levels in the upper $2K handle or an attempt at $3K again.

Join my discord at discord.io/quantguy
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.