Ethereum tested $3K this weekend, but has drifted back up to the $3100's. A red triangle on the KRI at $3200, suggests that this level is an upper bound for now. Since then, we have pressed lower, and may be seeing the beginning of another dump at the time of this writing. We have currently edged lower from resistance at $3200 and $3148 into the vacuum zone between these levels and $2965. The Kovach OBV is hugging lows, suggesting that the brief respite in the $3100's may have been just a small relief rally. We did not see much buying interest at these levels. If $2965 does not hold, then $2852 is the next target.
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Ethereum dips into the $2K's!! 📉😱 Finds support at our level at $2965 and is currently trying to reclaim $3K!!
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Disclaimer
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.