EthereumShort
Double Top in Ethereum!!
Ethereum has made an attempt at higher levels but $3200 has provided prohibitive resistance, as we anticipated. We are seeing a double top at this level with two red triangles on the KRI to confirm the resistance. Currently, we are finding support at the neckline of our head and shoulders pattern at $3042, which we also predicted yesterday. If support breaks, we will surely test the 2K handle again, with $2965 the first level of support below. If that does not hold then $2852 should provide strong support, and we will have returned to the previous value area between $2852 and $2965. We must clear the 'head' of the head and shoulders pattern at $3324 before we can be confident of a bull rally.
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