Ethereum

Momentum for Ethereum??

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Ethereum found really good support at the lower bound of its value area at $2556. We saw a notable pivot from this level and are attempting $2852 at the moment, with a red triangle on the KRI to confirm resistance here. The Kovach OBV has picked up slightly, but we might not have the momentum to break through $2852. If we do, then $2965 is the next target, the last level in the 2K's before we attempt 3K again. The 3K's are a bit ambitious given the performance in the crypto market thus far. We should have good support at $2556 if we see a retracement.

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