Ethereum shot up after the CPI print yesterday. We solidly broke past resistance in the high $1700's, and smashed our target of $1821. We then blew past several levels in the $1800's, and hit $1900, where we finally retraced. Almost a $200 rally seemed a bit too ambitious for ETH for yesterday, but we are still solidly holding the high $1800's, with support from $1872. We are seeing a red triangle on the KRI confirming the resistance. If we retrace, we should have support from the $1872 and $1821. Our next target is $2025, if we can break the $1900's.
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