Ethereum Hits Our Target at $3200!! What's Next??

Ethereum has sold off further with the rest of the crypto market. Last night, it dropped to $3200, our exact target from yesterday. We did see some support there from green triangles on the KRI but did not see the sharp buyback that one would expect from an 'absolute low'. This suggests that perhaps the bleeding has not stopped and we may press further into the lower $3K's. If so $2965 is the next major level below. We do consider current prices to be enticing enough to start accumulating a long position, but are cognizant of the fact that we will likely press lower. The Kovach OBV is still abysmally low, but does appear to have at least bottomed out for now. It's just the the buyback we saw at $3200 was paltry which suggests that current prices are not enticing enough for buyers, which is not a good sign. If buying momentum comes through then $3324 and $3416 are the next targets.