Ethereum Slides 📉🐌

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Ethereum has rejected $2762 after exuberance faded off the rally in Bitcoin from the crypto Executive Order news. We retraced almost the entire rally, and sliced through $2651, the next level below. Finally, we found support just above $2556. The price action here still looks a bit shaky, so watch for support at the next level below at $2454. The price action is likely to range about these levels as ETH finds footing again. If we continue to crash, $2324 should be absolute lows for now. If we see a rally, $2762 should be considered a ceiling for now.