Ethereum Pivots Back to Resistance

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Ethereum saw good support from $1547, and pivoted back to $1653. This is the first of a series of levels, extending into the mid $1700's. We may certainly expect resistance here, as we did in late July when we rejected $1748. We can expect further support at $1547, but if this does not hold, there is a vacuum zone down to $1424. If we are able to clear $1748, then $1821 is the next target.

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