Ethereum has broken support at $2400. We really thought this level would hold but what was once a pennant pattern in the making now might be looking like a bear wedge. Our next level of support is $2232, and we are more confident this will hold. If not, $2143 is our next level of support before $2025, and that is the final level of support in the $2K handle. If ETH builds momentum, it must first break $2400 which will now provide resistance, then it has two levels before it can test relative highs at $2800 again. The Kovach OBV has taken a dive notably, so it appears the malaise is still thick for ETH
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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.