Ethereum Clings to $3K
Ethereum / U.S. dollar BITSTAMP:ETHUSD
Ethereum has edged up from the base of the $3K handle, but has faced strong resistance from $3148. This level, proximal to another strong level at $3200, was one which we identified and called out as a strong resistance level , unlikely to be broken unless momentum comes through. We are seeing multiple red triangles on the KRI confirming the resitance. However, $3042 does seem to be holding. We are testing this level at the time of this writing. Should it break, we will likely see further support at $2965, then $2852.
