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quantguy
Oct 4, 2021 10:37 AM

Ethereum Testing Mid $3K's!! Long

Ethereum / U.S. dollarBitstamp

Description

Ethereum rallied significantly, finally solidifying the 3K handle. We tested as high as $3500, before retracing to support at $3324. From here we can expect to establish value in this area, broadly speaking. Support at $3324 is looking quite weak and if we break through we will have support at $3200. There is fairly strong support there, but if that does not hold, we could retrace through the entire move through the 3K handle. Our next target above is $3563.
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