Ethereum keeps creeping up, stubbornly refusing our anticipation of a retracement. We have several red triangles on the KRI suggesting that ETH is facing continued resistance here. It would be FOMO to enter a long at highs here. The levels $2651 and $2556 are likely candidates for a retracement. Our next price target is $2965 and this is just under the psychological $3000 mark. The Kovach OBV has dipped which is a divergence from price suggesting a pullback may be soon.
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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.