Ethereum has retraced from relative highs around $3500. It appeared to be testing the next technical level in the $3K handle at $3563, but has fallen short as confirmed by a red triangle on the KRI. We have retreated to the lower bound of what appears to be a value area forming with a lower bound at $3324. We appear to be seeing good support here, confirmed by several green triangles on the KRI. If we break through this level we should see further support at $3200. If we can break through $3563, the next target will be $3646.
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