Ethereum Gives up the $1800's

19 Ağu 2022

Ethereum has fallen dramatically lower after first rejecting the 2K's. After that, the $1800's seemed to hold well, but recently have given way to the upper $1700's. We anticipated this yesterday, and noted that there is a cluster of levels beginning at $1748. We should have strong support beginning here. The last of these levels is $1653, which we expect to hold as a floor for now. If we are able to pivot we should have immediate resistance $1821.