We have been calling a proper crypto dump for weeks now, and yesterday, toward the close of the NAM markets we finally saw it. Ethereum fell to our exact level of $2852, with a wick extending to $2806. We found brief support from this level, but appear to be dumping yet again at the time of this writing. Large buying orders were eaten up quickly, suggesting that we are likely to establish value in this new price territory or dump further. We have broken below $2852, and may be gearing up for another push down to $2762. The Kovach OBV has turned over sharply with the selloff, and does not appear to be leveling off quite yet. We were happy to pick up some ETH at $3K then $2852 on such a fire sale, with the understanding that we could press even lower. If we see a relief rally, $2965 should provide resistance with $3K being a ceiling for now.
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Ethereum hits $2762!!
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