Ethereum plummeted through the $3K barrier, testing the first two highest levels of the $2K handle. We have currently broken through $2852, but appear to be finding support in the vacuum zone between this and $2762. The Kovach OBV has been edging downward and has taken a dramatic turn south with the selloff. At this point it would be FOMO to enter a short position, though we are in the middle of a vacuum zone and $2762 is the next level where we should find support. If things pick up, expect resistance at $2852 and $2965.
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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.