Ethereum Holds $3K!!

Ethereum / U.S. dollar BITSTAMP:ETHUSD

quantguy

Ethereum saw good support at $2965. Bulls had hopes of a pivot , but this was swiftly quashed with resistance at $3148, exactly as we highlighted in these reports. We are still seeing support from $2965, but potentially seeing a bear flag forming. The Kovach OBV has flatlined suggesting that $3200 is a likely ceiling price for now. We will need sufficient momentum come through to even test this level. From below $2852 and $2762 should provide support.

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