Eth Tops Out in the $1600's

Jul 19, 2022

After breaking the upper bound of the range ETH has held for over a month, we have been on a steady rally. Once $1235 was broken, we were quickly able to solidify the $1400's then the $1500's, and even top out in the $1600's over night. Our level at $1653 seems to be a barrier for now, with a red triangle on the KRI to confirm resistance. The Kovach OBV has dropped off hard, so anticipate a retracement soon, potentially to $1424 or $1341. If not, we should have strong resistance in the $1700's, which should slow our ascent to 2K.