Ethereum Sells Off As the Ukraine Crisis Escalates

22 בפבר׳ 2022

Ethereum has tumbled back deep into the 2K handle as the markets price in increased tensions with Ukraine. We have been steadily taking out levels after $2852 failed to provide support, with $2762 and $2651 to follow. We are currently seeing support at $2556, but we have already broken below it. We do appear to be seeing a brief relief rally, but the fundamentals and the Kovach OBV remain bearish. Our next target is $2454.