Can Ethereum Continue the Rally?
Ethereum has retraced from highs at $1653 to support at $1547. Support caved with the FOMC yesterday, but the price equilibrated just under $1547. At the time of this writing, we are just under this level, which appears to be providing resistance. If crypto can shrug off the Fed, we could make another run for $1653. After that, we will see formidable resistance from the $1700's. If we retrace further, then $1424 should be considered a floor for now.
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