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quantguy
May 19, 2022 11:52 AM

Ethereum Gives Up $2K!! Short

Ethereum / U.S. dollarBitstamp

Description

Ethereum has met resistance in the low 2K's, and given up the 2K handle entirely. It fell with the crypto selloff to $1950 or so, where we are currently finding support. The Kovach OBV is very bearish, and the price action is rounding off, all ominous signs. If we break down further, we should have support from lows in the low $1700's. If we are able to attempt a breakout, then 2K should be a barrier with $2143 a ceiling for now.
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