$3K Still a Barrier for ETH 🤚🛑🚧
Ethereum / U.S. dollar BITSTAMP:ETHUSD
Ethereum has retraced from highs at $2965. We saw an enormous buying wave which topped out before the hard limit of $3K. The retracement could just be a technical Elliott wave corrective phase, and if so, we expect support from the lower bound of $2852. We appear to be seeing support here from several green triangles on the KRI . If support holds, anticipate ETH to range between this level and $2965, with $3K a hard upper bound for now. If it breaks, then $2762 is our next level of support.
