Ethereum Slowly Builds Steam

26 พ.ค. 2021

Ethereum is gradually picking up steam as it crosses one technical level after another. It just broke $2651, after finding support at $2400. It is currently facing resistance at $2965. It will take some momentum to punch through this and the Kovach OBV has leveled off suggesting that ETH may range a bit until it accumulates enough steam to break out. Another breakout would take us into a vacuum zone from $2965 to $3473. We do have a Fibonacci level in between at about $3200 which may provide a nice intermediary price target. We will see support from $2651, $2556, and $2400 if we are wrong.