quantguy

Ethereum Teeters at $1K

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BITSTAMP:ETHUSD   Ethereum
Ethereum has continued to sell off from $1235, and has collapsed through $1100 to test the base of the $1K handle. We are just above our level at $1017. The Kovach OBV has dropped off sharply, suggesting that bear momentum is strong. We should see support at $1017, but if not, the next level is $940. If we do pivot, expect resistance at $1100, then $1235 again.

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