Ethereum Rejects Highs

٢٨ سبتمبر ٢٠٢٢

Ethereum rejected $1424 hard, after making a run higher. We pivoted from $1235, however this was short-lived and just about the entire move was retraced. We are currently finding support just above $1235, confirmed by green triangles on the KRI. If support holds then we may attempt another bounce that is almost sure to meet resistance at $1341. If support fails at $1235 then there is a vacuum zone to $1100.