Ethereum has caught support from lower levels and looks to be setting up a nice base. We did see resistance from $2980, so it is not quite ready for the $3K handle yet. We are seeing support from below from $2659, a technical and Fibonacci level. There is a vacuum zone above to $3500, which is also a psychological level. The Kovach OBV has picked up, so hopefully this means ETH is gearing up steam for a breakout attempt. We should see support at $2131 if things go south.
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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.