Ethereum has rocketed from the upper $2K handle to solidly regain the $3K handle. We have blasted past $2965, the last level in the $2K's and appear to be attempting to establish value in the low $3K's, with support from below at $2965 and resistance from the first level of the $3K's at $3148. The Kovach OBV is pretty strong, but a bit flat for what you would expect from such a tremendous rally. We are likely to see some value established at current levels but if we retrace further, then $2852 should provide support. In the event of another breakout, we have strong resistance in the $3200's, then $3324 is the next target.
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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.