quantguy

Ethereum Recovers the $1400's

Short
BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Ethereum has pulled back all the way to $1341. We found support here, confirmed by a green triangle on the KRI . Subsequently we bounced back to the $1400's, barely breaking our level at $1424. We don't expect too much more action, with strong resistance from $1547. Another dump could take us back to $1235, which is the upper bound of the range ETH had held for most of this month. If we break down from there we will have returned to the range between $1017 and $1235.

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