Ethereum Clings to $2K

20 במאי 2022

Ethereum has picked up slightly, holding on to 2K by a thread. We found support at $1906 as anticipated and are holding the range between $1900 and $2100 nicely. Volatility has consolidated, and liquidity has dried up, which is not a good sign. The Kovach OBV is almost completely flat, suggesting the range should hold until more momentum comes through. We should see continued resistance from $2100, but if we can break out, then $2232 and $2324 are the next targets. If we dump further, then $1700 should hold as a floor for now.