Ethereum Breakout??
Ethereum is testing the upper bound of the range, currently breaking through $3148, and testing $3200 as we are writing this report. Will Ethereum have enough momentum to break through to higher levels? We are seeing momentum come through in Bitcoin which is likely to bleed into ETH. If we can break $3200, then $3224 is the next level of resistance above, then we will be looking to cross a vacuum zone to $3473. If we retrace, we should see strong support at $2965. As an absolute lower bound, we should have support at the bottom of the range at $2762.
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