Ethereum Dumps As CPI Comes in Hot

14 Eyl 2022

Ethereum was trekking in the $1700's yesterday, after making an attempt for $1800, which failed earlier this week. After CPI data came in, it dumped back down to $1547, which was our target from yesterday. We are currently finding good support there, but if not, $1424 is the next level down. If we are able to pivot we will face immediate resistance from $1653, and a cluster of levels in the $1700's. We warned you not to get too excited about 'the merge', which some thought would take ETH back to 2K or higher, and this is exactly why.