quantguy

Can Ethereum Break Through Resistance?

BITSTAMP:ETHUSD   Ethereum
Ethereum found support at $1547, as we anticipated. We saw a lot of green triangles from the KRI on this level, confirming support. Subsequently, we pivoted back to the $1600's where we first saw resistance from $1653. There is a cluster of levels above that should provide resistance, and we are currently in the thicket of them. These start at $1694 and end at $1748. After that, there is a vacuum zone to $1821 which remains a target if we can break through. If we reject these levels then $1653 and $1547 should provide further support.

Join my discord at discord.io/quantguy
Disclaimer

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.