Ethereum has plunged to support at $1547, which is past the inverse Fibonacci extension level of our Head and Shoulders pattern. We are getting a little bit of a bounce here but will face resistance at $1653. Another wave of bear momentum could break past $1547 into the next vacuum zone below to $1424. The Kovach OBV took a sharp dip registering the selloff, but appears to be gaining traction again.
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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.