Ethereum Rejection Soon?
Ethereum has gained with the rest of the crypto markets as stocks gain and the US dollar softens. We were able to pivot from $1288 back to $1341, where we are currently running into resistance. We actually saw resistance at every step of the way with this rally as confirmed by red triangles on the KRI. It is unlikely we will break out from this level, but if we do, then we have a wide gulf before testing the next level at $1424. If we reject current levels, anticipate support at $1288, then $1235.
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