Ethereum Gets A Lift

24 באוק׳ 2022

Ethereum broke out with the rest of the crypto market. Momentum has been surprisingly strong for Ethereum, and it's surpassed Bitcoin in the relative strength of this rally. We anticipated $1341 to provide resistance as it has been the upper bound of this range for over two weeks. We were able to test $1368, which we have added as a new technical level, before momentum petered out. Currently, we are finding support at $1341, and are likely to retrace to $1288, but if momentum can somehow pick up then $1368 is the next target then $1424.