Ethereum Attempts a Recovery

Ethereum has tumbled to the $1100's, but the CPI data on Thursday benefitted all risk-on assets. After that data was released, we made a run for higher levels in the $1300's. We were unable to sustain the $1300's and immediately rejected them. Currently, we are finding support just above $1235, a strong level that has held before. Our next target is $1341 if we can rally. If $1235 gives, then we should have support in the $1100's.