After making new highs briefly, Ethereum fell back down to support at $1300. This is a strong psychological level. The Kovach OBV is still pretty strong for Ethereum. It has only registered a small dip corresponding to the rejection from highs. If Ethereum dips further it will find support $1233, $1172, or $1111. These would be good levels to buy back. It is likely that ETH will form a bullish consolidation like a bull triangle as it gears up for another breakout
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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.