Ethereum Tests the Lower Bound of the Range

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Ethereum has continued to sell off, but is nearing the lower bound of the range at $1017. We are seeing strong support confirmed by several green triangles on the KRI. The Kovach OBV has formed a rounding bottom, which does suggest we may be bottoming out for now at $1017. If so, an upswing could bring us back to the $1100's, with $1235 a likely ceiling and upper bound of the current range. If we do sell off further, then we should see support in the $900's, but $1017 should be a floor for now.