quantguy

Ethereum Trades Sideways

BITSTAMP:ETHUSD   Ethereum
Ethereum continues to range between $3148 and $3473. Several red triangles on the KRI suggest that we are facing resistance at this upper bound. The KRI has slumped, suggesting ETH will trade sideways until some momentum comes through. If we do break out, the next level above is $3646, which should provide resistance. From below, we should get support from the psychological $3000 level.

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