Ethereum has made a run for highs but $3416 has continued to serve as a ceiling. Red triangles on the KRI have confirmed resistance at every attempt to break through this level. If we are able to muster the strength to break out then $3473 and $3563 are the next targets. A consistent lower bound here is $3200, and range trading may be the best trading idea here for the time being, assuming you don't get eaten up by gas fees. The price is holding a very narrow range, and there appears to be a lack of buying interest. If we get smacked down to lower levels, then we have strong support around $3K, with $2965 being the next level after $3200 and and $3148. The Kovach OBV is completely flat, suggesting we need more momentum either way before Ethereum breaks its next move.
Join my discord at discord.io/quantguy
