Ethereum Still Ranging

25. Mai 2022

Ethereum has been maintaining a narrow range between $1906 and $2143 for just about two straight weeks. The Kovach OBV is still pretty flat, dipping only recently at the most recent selloff to lower levels. There is a conspicuous lack of buying interest in crypto, and we fear we may test lower levels again, with $1700 a likely lower bound for now. This was the low of the selloff on the 12th. If momentum renews, then $2232 and $2324 should provide resistance, with the $2400's a likely ceiling for now.