Ethereum has ripped with strong inflows into crypto. Bitcoin solidified $40K again, but Ethereum is struggling to regain $3K. We are currently meeting resistance from $2965, the last level in the $2K handle. The next level below at $2852 is now providing support. The Kovach OBV has curved upward, but has tapered, suggesting a possible inflection point for ETH. Our next target is $3042, the first level in the $3K handle. If current levels of support do not hold, watch $2762 and $2651 for further support.
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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.