Ethereum Rejects Highs!!

٢ ديسمبر ٢٠٢١

Ethereum has tested a relative high at $4748 (which we have added as a new technical level), but we saw rejected resistance here, confirmed by a red triangle on the KRI and a sharp dip south to test our level at $4450. A green triangle on the KRI has confirmed support here, but another sharp dip could easily slice through to test support at $4341 or $4258. Worst case, we could head back to support in the low 4K handle with $4020 being a hard lower bound for now. We are currently in the middle of the range between $4450 and $4670, and are likely to establish footing here for now.