Ethereum Struggling with $3K

Mar 3, 2022

Ethereum has made multiple attempts to reclaim the 3K handle with every attempt rejected. We are seeing the price action round off, with several red triangles on the KRI at $3042, suggesting this is a top for now. Unless more momentum comes through, we may see another dip to lower prices, like $2762 or $2651. However, we are seeing good support from $2852, which we anticipate holding for now. The Kovach OBV has dropped off a bit, dampening hopes for a bull breakout.