Ethereum Regains $2K!!

16 במאי 2022

Ethereum has been inching up after it tested lows in the $1700's. We noted that the $1700's should hold strong as this corresponds to a significant Fibonacci level on the daily charts. After stabilizing here, we made an immediate run back to $2000 where we are currently finding resistance at $2100 or so. In particular $2143 has thwarted two attempts at higher levels and appears to be a relative high in a bull wedge formation. If we break out from here, we should see further resistance in the $2200-$2300 range. If we reject current levels we should see support from $1800-$1900 with a floor at lows around $1700.