Ethereum Struggles with $3200

9 בפבר׳ 2022

Ethereum has retraced after rejecting $3200, exactly as we predicted here yesterday. After a sharp rejection at $3200, we were able to find support just above our level at $2965. We are seeing good support at 3K or so as confirmed by green triangles on the KRI. Currently, we are attempting $3200 again, but are facing some resistance just under it, at $3148. The Kovach OBV is almost completely flat, lending skepticism to the bull rally as a whole. If we cannot sustain current levels, the 2K handle is well within reach. After $2965, we should have support at $2852 and $2762. If momentum picks up then $3324 and $3416 are the next targets.