Ethereum Rallies Back to Highs
Ethereum rallied back to highs after the FOMC rate hike announcement yesterday. We blasted through multiple significant levels including $1424, and $1547. We finally met resistance at $1653. Though we are hovering near this level at the time of this writing, we can expect a retracmenet to lower levels, like $1547. We can expect further resistance starting in the upper $1600's. There is a dense patch of levels starting at $1653 to $1748, but if we can clear those, $1821 would be the next target. The Kovach OBV has picked up, but does not appear to indicate the strength necessary to punch through, just yet.
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