Ethereum Tends Toward $2K!!

May 31, 2022

Ethereum has rallied with the rest of the crypto market, who got a lift off the back of stocks. It was looking pretty abysmal there for a while, testing the relative low of the selloff on the 12th, before gaining steam to recover the $1900's again. The Kovach OBV has gradually trended up, but we remain skeptical until ETH can recover the 2K handle solidly. Currently, we are in the mid $1900's and momentum seems to have let up for a bit. If we are able to recover it, then $2143 and $2232 are the next targets with $2324 a likely hard upper bound.