Ethereum has caught some formidable momentum, taking us from the sub $2K handle back to $2232. The level at $2143 did not provide much resistance to ETH, but $2232 appears to be a roadblock. We are seeing a bit of a pullback here, but support back at $2143. Watch for it to range here, forming a bullish consolidation pattern before making a run for $2400. This is a serious level which is sure to provide resistance. If we run out of steam, then $2025 is the next level of support below. The Kovach OBV is still strong but rounding off ever so slightly
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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.