Ethereum Holds the Mid $3K's

30 mar 2022

Ethereum has held its ground in the mid 3K's. We are currently leveling off in the narrow band between $3324 and $3473. We could be in the beginnings of a sideways corrective pattern. The Kovach OBV is still strong, suggesting that we could see another breakout and hit our target of $3563, that we predicted yesterday. However, we are starting to look overbought, suggesting that a technical retracement may come into play soon. If so, anticipate support at $3200.