Ethereum is testing a level of resistance above at $2651. This is a level as to which we have been alerting you for several reports now. We are seeing resistance here at this level and a retracement is likely. In fact we are seeing one now. We are seeing good support at $2556, confirmed by a green triangle on the KRI. If ETH has enough momentum in its favor, then this is the most we can expect for a retracement. If not, $2400 will provide support. It does seem that ETH is due for a nice rally however, and there is a vacuum zone above $2651 to $2800, which appears to be a significant upper bound and barrier to the $3K handle. The Kovach OBV is still a bit weak but definitely appears to be picking up.
Join my discord at discord.io/quantguy
