Can Ethereum Sustain Higher Levels?

Oct 4, 2022

Ethereum has rallied with the rest of the crypto markets as risk-on assets catch a bid from increased expectations that the Fed will pivot from their pervasively hawkish rhetoric. We are currently testing our level at $1341, with red triangles on the KRI indicating that we are meeting resistance. The Kovach OBV is still relatively flat, suggesting that a rejection of current levels is likely. If so, then we are sure to return to our previous value with $1235 a likely floor for now. If we can continue to rally then $1424 is the next target.