quantguy

Ethereum Testing Lows

Short
BITSTAMP:ETHUSD   Ethereum
Ethereum has fallen to the bottom of the range it has been holding for the latter half of June. After bottoming out in the 3 digits, we were able to recover $1K and range between $1017 and $1235. After testing $1235, it has been a steady decline since then, but $1017 appears to be holding. We are seeing support confirmed by a green triangle on the KRI. If this does not hold, then we are back to 3 digit ETH, likely finding support in the $900's. If we are able to pivot, we may be able to make a run for $1235 again, but that should be considered a ceiling for now.

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