Ethereum Finds Support at $1K

2022年7月14日

Ethereum saw good support from our level at $1017, and has subsequently tested $1100. We did not see much of a pivot from lower levels, and are meandering around $1100 at the time of this writing. The Kovach OBV has slumped and is remaining at or around lows, suggesting we have very little momentum coming through. We will need more volume to come through if we intend to test the highs of the range again. Again, $1235 is our next target if momentum comes through, and a likely ceiling. A mean reversion strategy has proven to be the best strategy for at least a month.