Ethereum has continued its ascent from the low $3K handle, after solififying value here from the $2K's. We are seeing quite a bit of resistance from $3200 as predicted in these reports many times. We are seeing some red triangles from the KRI suggesting resistance here, and if we are unable to solidly break $3200, then $2965 should provide support. If we retrace to this level, beware that we may form a head and shoulders pattern with a neckline at $2965. If we break through this, we will move deeper into the $2K handle again. If momentum picks up, then $3324 is the next target.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.