EthereumShort
Can Ethereum Continue to Rally?
Ethereum has shown considerable strength, dominating the crypto market as it edges higher. We keep making higher highs and solidifying new upside targets. We have crossed through the vacuum zone to $1547, breaking that with ease. Then we were able to swiftly hit our next target at $1653. Red triangles on the KRI are confirming resistance here and we are pulling back slightly. However, $1547 is providing strong support. If we are able to break out again, the next target is $1694. Dedicated readers will remember that we will encounter significant resistance from a cluster of technical levels in the $1700's after that.
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