$3K Still a Hurdle for Ethereum

Ethereum / U.S. dollar BITSTAMP:ETHUSD

quantguy

Ethereum has faced resistance on its slow trek up to test $3K again. We saw increased resistance from several red triangles on the KRI from $2852 to $2965. Our levels proved extremely reliable, and we have been voicing them all this week. Dedicated readers were prepared for that resistance, and our skepticism that Ethereum could break $3K just yet. It is likely that ETH will maintain the range between $2762 and $3K, unless crypto gets a good lift in general, from a rally in stocks for example.

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