Ethereum Makes a Run for $1800

12 Eyl 2022

Ethereum has broken past significant resistance levels in the $1700's and made a run for $1800. We fell just short of this target, topping out at $1790 or so, in the middle of the vacuum zone between $1748 and $1821. We are seeing quite a few red triangles on the KRI suggesting strong resistance. If we are able to break through $1821, then $1872 is the next target. We should have further support in the $1700's if prices continue to fall, with $1653 being our anticipated floor price for now.