Can Ethereum Breakout Again?

21 Eyl 2022

Ethereum appeared to be making a run for higher levels, but momentum quickly fizzled and we immediately sought support again at $1341. We appear to be forming a bear flag around this level. If we dump again, we have support below at $1235. If we are somehow able to muster the strength for a rally, then $1424 is the next target above. It is likely that we will range until the Fed rate hike at 2 PM EST.