Ethereum Rally Looking Weak
Ethereum found support from $2762, the exact level we identified Friday. We saw a brief bounce to test the next level above at $2852, but did not have the momentum to see a follow through. The Kovach OBV has been edging up, but momentum was insufficient to even test 3K again. If we do see a burst of momentum, then 3K will provide resistance and is a likely ceiling for now. If we selloff further, expect support at $2762 and $2651 if that does not hold.
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.