Ethereum Testing Lows
Ethereum has fallen to the bottom of the range it has been holding for the latter half of June. After bottoming out in the 3 digits, we were able to recover 
1K and range between $1017 and $1235. After testing $1235, it has been a steady decline since then, but $1017 appears to be holding. We are seeing support confirmed by a green triangle on the KRI. If this does not hold, then we are back to 3 digit ETH, likely finding support in the $900's. If we are able to pivot, we may be able to make a run for $1235 again, but that should be considered a ceiling for now.
1K and range between $1017 and $1235. After testing $1235, it has been a steady decline since then, but $1017 appears to be holding. We are seeing support confirmed by a green triangle on the KRI. If this does not hold, then we are back to 3 digit ETH, likely finding support in the $900's. If we are able to pivot, we may be able to make a run for $1235 again, but that should be considered a ceiling for now.
Join my discord at discord.io/quantguy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.