Ethereum has tested lows at $2454, and pivoted with the momentum coming through in the crypto market. We have broken past the next technical level at $2651, and are currently testing $2762, where we appear to be meeting resistance. The Kovach OBV has pulled up notably, but the Chande has arched over, suggesting a top for now. If that is the case, then we should see support at $2651. The next target is $2852, then $2965. We must solidly break $3K before we can consider higher prices 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.