Ethereum Still Can't Test $2K ☹

6 Jun 2022

Ethereum found support at lower levels, pivoting from teh $1700's to $1900 at the time of this writing. The rally is encumbered by resistance as confirmed by red triangles on the KRI. We are unable to break past $1906, and it is unlikely there is enough gas in the tank to the make an attempt at $2000. But if so, 2K is likely to be a hard upper bound. We are highly likely to reject current levels. If so, we will likely find support back in the $1700's. If we are somehow able to continue the rally, then $2025 is the next target.