Ethereum Retraces Sharply

26 Tem 2022

As we anticipated, Ethereum has plummeted from highs, breaking through multiple levels. We gave up the $1500's entirely, and smashed through $1424. We are currently above $1341, where we are seeing support confirmed by two green triangles on the KRI. If we break $1341, then the next level is $1235, which is the upper bound of the long standing range that ETH held since mid-June. If we are able to rally, then $1547 is the next target.