Ethereum faced resistance from $2651, which seems to be a significant level and an obstacle for ETH. We are currently seeing support from $2428, and will have further support from a cluster of levels below that. It does appear that ETH has bottomed, though it does not seem to eager to breakout higher. The Kovach OBV is gradually increasing, but has formed multiple plateaus along the way, suggesting this bull recovery may take a while.
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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.