Ethereum Caught in Resistance Levels

29 ביולי 2022

Ethereum rallied, breaking through relative highs in the $1600's, but running into the resistance we mentioned yesterday. We are currently caught in a thicket of technical levels, which we identified yesterday, which appear to be prohibiting us from reaching our next target at $1821. The levels span from $1653 to $1748. We appear to be ranging in this value area. If more momentum comes through we can break through to $1821. If we retrace, watch for support at $1547.