Ethereum blasted through our targets yesterday as housing price data and earnings suggest that the Fed may taper rate hikes soon. The returns from the move doubled that of Bitcoin and other cryptos. We have broken through $1342, then $1368, and finally $1424, which we anticipated to hold as a ceiling. We did not stop there as the price continued to soar and hit the $1500's. In full transparency we took profits here. We even made a run for $1547, which is holding as a ceiling confirmed by red triangles on the KRI. If we reject current levels there is a vacuum zone back to $1424. If we are able to break through, then $1653 is the next target.
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