Can Ethereum Break Through Resistance?
Ethereum found support at $1547, as we anticipated. We saw a lot of green triangles from the KRI on this level, confirming support. Subsequently, we pivoted back to the $1600's where we first saw resistance from $1653. There is a cluster of levels above that should provide resistance, and we are currently in the thicket of them. These start at $1694 and end at $1748. After that, there is a vacuum zone to $1821 which remains a target if we can break through. If we reject these levels then $1653 and $1547 should provide further support.
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