Ethereum Lifts, But $3K Still a Barrier

1 במרץ 2022

Ethereum has ripped with strong inflows into crypto. Bitcoin solidified 40K again, but Ethereum is struggling to regain 3K. We are currently meeting resistance from $2965, the last level in the 2K handle. The next level below at $2852 is now providing support. The Kovach OBV has curved upward, but has tapered, suggesting a possible inflection point for ETH. Our next target is $3042, the first level in the 3K handle. If current levels of support do not hold, watch $2762 and $2651 for further support.