Ethereum Testing $3K Again!!

Ethereum / U.S. dollar BITSTAMP:ETHUSD

quantguy

Ethereum has gotten a lift from the crypto market and reestablished the $3K handle. We have found strong support from $2965, which held as we tested the vacuum zone below to $2852. We do appear to be meeting steep resistance from $3042, with several red triangles on the KRI at this level. However, volatility is consolidating so we could be preparing for another breakout. If so, $3148 is our next target. If we reject $3042, then we should see support from $2965 or $2852.

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