quantguy

Ethereum Edges Higher

Short
quantguy Updated   
BITSTAMP:ETHUSD   Ethereum
Ethereum has shot up to $1653, the first of a series of levels which extend into the $1700's. This rally appears largely retail driven, with news about 'the merge' permeating social media and lifting hope. The Kovach OBV has edged upward, confirming the steady but meager momentum. If we reject current levels, then $1547 or $1424 should provide support. If those levels don't hold, then we could easily retest the $1000's again.
Comment:
Just as we predicted, ETH *slammed* back to $1547

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