Can Ethereum Test $2K Again?

16 Agu 2022

Ethereum has retraced after rejecting the 2K's. We hit our target of $2025, then dramatically retraced back to support from a cluster of levels in the high $1800's, giving up the $1900's as well. We are seeing strong support forming at $1872, confirmed by multiple green triangles on the KRI. If support does not hold, we expect $1748 to be a floor price for now. If we pivot from here, 2K should be considered a hard upper bound for now, and significant barrier to a rally.