ETH Breaks $2400!! Finds Support from Below

Ethereum showed very strong momentum and was able to peak above a significant level before retracing. Indeed $2400 seems to be a significant barrier for ETH but it is a good sign for bulls that it was able to break this level even just for a brief moment. A red triangle on the KRI confirmed the resistance. After this, ETH retreated back to comfort and support at $2143. The Kovach OBV is still strong but does appear to be rounding off. This suggests that current levels should at least hold for now, though if another selling wave comes through, we will have support in the lower $2K's. Watch for ETH to establish value in this price neighborhood.