Ethereum Finds Support at Lower Levels

Ethereum has found support at $2762. It appears to be making a run for $2965, but momentum looks really weak. The Kovach OBV appeared to be attempting to return to bull mode, but has since turned over. We have tested lower levels several times and may be forming a bear wedge or other consolidation pattern. If we can break $2965, there is a vacuum zone to $3148. Breaking down would take us further into the $2K handle, the next level of support being $2651.