Ethereum Runs into Stiff Resistance

٢٦ أغسطس ٢٠٢٢

Ethereum has rallied into stiff resistance from a dense cluster of levels starting at $1653. We have since retraced slightly, finding support again at $1653. Resistance should continue through the $1700's, but if we can break through, then our next target is $1821. If we continue to retrace, then our next target is $1547. We should not see much action in the markets until the Fed's Powell speaks at 10AM EST.