Weakness in Ethereum?
Ethereum has trekked higher, breaking through $1341. We are starting to see increased resistance above this level confirmed by multiple red triangles on the KRI. The Kovach OBV is edging up, but we don't expect much momentum to come through today on account of higher weekly unemployment and hawkish Fed-speak. Current levels are likely to hold, but if not, we could retrace back to the $1200's with $1235 a likely lower bound. It is not likely that we will see any significant buying come through but if so, $1424 is the next target.
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