Ethereum Buying Opportunities??

2021年1月21日

Ethereum broke our trend line and is testing lower levels. We have drawn some new Fibonacci levels to anticipate support. Eth is currently sitting at support around 1233, a Fibonacci level. It is reasonable that it should retrace to the 50% Fib level at 1172. We should find support there. Otherwise, we have some nested fibonacci levels around 1111, and 1035. The Kovach OBV has turned sharply, registering the selling pressure. Be mindful of jumping into a trade here, as the bear momentum may not be over.