Ethereum Tests Higher Levels

٥ أغسطس ٢٠٢٢

Ethereum pumped and broke into the cluster of levels we have been discussing all week. These levels have given ETH a lot of troubles lately, and we just can't seem to break past them to hit our next target of $1821. Yesterday, we saw a lot of resistance from $1653, the where the cluster starts. A few days ago, we rejected $1748, the last level in this zone of resistance. Currently we are contending with some levels in between, with a red triangle on the KRI confirming the resistance. It is unlikely we will be able to break $1748, but if we do our next target is $1821. Watch for support at $1653 or $1547.