Ethereum has pushed higher, spanning the range from $1700 back to $2K. The upper bound of this range at $2K is a strong psychological and technical level and it will provide significant. In fact, it appears as though we are rejecting this level right now. The Kovach OBV does appear to be picking up, so there is definitely an upside bias forming. Watch $2025 which appears to be the upper bound on the price. If we can manage to breakout, then there is a vacuum zone above to $2143 which is the next target. We will find support again at $1700 which seems to be the min lower bound of ETH for now, but likely will find support at one of the levels in between, perhaps in the low $1900's, depending on how aggressive this uptick in momentum is.
Trade closed: target reached
Ethereum hit $2143 on the dot, before retracing 😎 Watch for some resistance at this level but it does seem like momentum is definitely back at least for the moment
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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.