Ethereum made a run for our level at $3861, but swiftly rejected this upper bound and is currently finding support in the low $3800's. We have attempted to breach this level many times, with red triangles on the KRI confirming resistance at every attempt. This is the level to break if we want to consider $4K's again. We do appear to be forming a bull wedge pattern with the upper bound at $3861, but if Bitcoin dumps, this should spill over into ETH, unfortunately. If so, $3765 and $3646 should hold with $3563 a floor for now.
Comment:
We finally saw the dump we have been predicting for the past week or so. As discussed in the reports, $3563 held, and the price is stabilizing just above this level in the $3600's.
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