quantguy

Breakout Near for Ethereum??

BITSTAMP:ETHUSD   Ethereum
Ethereum is ranging in right around $2400. We are getting good support from $2324, confirmed by a green triangle on the KRI. The Kovach OBV has completely flattened and volatility is consolidating suggesting a breakout might be near either way. If we break down, then $2143 should provide support, but if not then watch $2087 and $2025 for further support. These are the last levels in the $2K handle. After that, we should see support from $1945. If we catch a rally, then $2651 is the level to break before we can consider further levels in the upper $2K handle or an attempt at $3K again.

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