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quantguy
Sep 21, 2021 10:44 AM

Ethereum Tests the $2K's Again!! 

Ethereum / U.S. dollarBitstamp

Description

Ethereum dipped into the 2K handle, but found support at $2800 and is currently making a run back for the 3K handle. But this is providing some resistance right now. Currently, we are just below $3100, in the midpoint between our levels at $2965 and $3148. It is reasonable for Ethereum to pause and seek value in this range, but the more comfortable we are around 3K, the more comfortable we will be breaking down to the 2K handle again. The Kovach OBV is all over the place, suggesting there is a lot of momentum in both directions as we seek to establish footing.
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