Ethereum Slumps

28 maj 2021Ethereum has fallen back to $2400. This was our lower estimate from the last report. If we don't see support here, we will break down to $2232, then $2143. If we see some momentum come through after that, we will need to break $2651, then $2965, which has provided extreme resistance to ETH lately. After that, we have a vacuum zone to the 3K's, so it should be smooth sailing, but this will take some serious momentum. The Kovach OBV is completely flat, suggesting that we are not seeing anywhere near the momentum we need just yet.