Ethereum Breakout??

٢ فبراير ٢٠٢٢

Ethereum is ranging narrowly, despite a burst of momentum in stocks. Volatility has consolidated between $2762 and $2852. The Kovach OBV is completely flat, suggesting that we need to see more momentum come through if we are to break this range. However, the longer volatility consolidates, the more likely we are to see a breakout. Our next target is $2965, the final barrier before we can consider the 3K handle. If we break down, then $2651 and $2556 should provide support.