Can Ethereum Recover $3K??
Ethereum / U.S. dollar BITSTAMP:ETHUSD
Ethereum has sold off with the rest of the crypto market, breaking through to new relative lows at $2762, the exact level we identified in these reports. We saw a bit of a bounce off this level, but not quite enough to take us high enough to test $3K. We should see resistance from $2965, but if we are able to break though, the low $3K’s should provide significant resistance. It will take strong momentum to recover higher. If $2762 does not hold, $2651 is the next level of support.
