Ethereum has slumped with the rest of the crypto market. The Kovach OBV has slumped and flatlined suggesting that we may hold the current range for a while. The lower bound still seems to be $1341 and will hopefully provide support again should another selling wave pass again. We are currently just above a level of support at $1424, which should provide a nice entry for a quick trade. From above $1547 should provide resistance, then $1653 and $1694.
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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.