Ethereum in the $2K Handle!!

Ethereum in the $2K Handle!!

Ethereum plummeted deeper into the $2K handle, finding support at $2651, a level we have identified many times. It has retraced the vacuum zone but is currently finding resistance at $2965. The Kovach OBV is still quite bearish , but has leveled off, suggesting at least that the bleeding has stopped for now, but we do not seem to have the momentum to break through $2965 at the moment. The $3K handle will now provide further resistance, and we will see if Ethereum can muster the momentum for an attempt at this level later, as the trading day progresses.