Ethereum Regains $3K!!

7 feb 2022

Ethereum has rocketed from the upper 2K handle to solidly regain the 3K handle. We have blasted past $2965, the last level in the 2K's and appear to be attempting to establish value in the low 3K's, with support from below at $2965 and resistance from the first level of the 3K's at $3148. The Kovach OBV is pretty strong, but a bit flat for what you would expect from such a tremendous rally. We are likely to see some value established at current levels but if we retrace further, then $2852 should provide support. In the event of another breakout, we have strong resistance in the $3200's, then $3324 is the next target.