Ethereum Establishing Value

6 באוק׳ 2021

Ethereum has retraced from relative highs around $3500. It appeared to be testing the next technical level in the 3K handle at $3563, but has fallen short as confirmed by a red triangle on the KRI. We have retreated to the lower bound of what appears to be a value area forming with a lower bound at $3324. We appear to be seeing good support here, confirmed by several green triangles on the KRI. If we break through this level we should see further support at $3200. If we can break through $3563, the next target will be $3646.