quantguy

Ethereum Regains the $1K's!!

Largo
BITSTAMP:ETHUSD   Ethereum
Ethereum dumped over the weekend into the $900's. We have been anticipating 3 digit ETH for a while now, but buyers took interest when ETH reached the upper $800's and subsequently we saw a nice rally to reestablish the $1K's. We are currently in the value area between $1017 and $1235. We are meeting resistance in the $1100's confirmed by multiple red triangles on the KRI. We should have good support in the low $1K's if momentum fails to come through, but we expect the low at $880 or so to hold as a floor price for now.

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