Ethereum made a run for higher levels but has rejected $2965. We identified this level as providing significant resistance and that is what came to fruition. We are catching support at $2600, but if bear momentum persists, then $2400 would be the target. Unless we have a serious selloff, it is doubtful we will push lower than that, but $2232 would be the next target if we felt another wave. The Kovach OBV is seriously bearish, so we do not anticipate any significant bids any time soon. But if so, we must contend with $2965, before considering the $3K handle again.
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