quantguy

Ethereum Rejects $1100 😱📉

Short
BITSTAMP:ETHUSD   Ethereum
Ethereum found support at $1017, and saw a brief pump which quickly faded. We found immediate resistance around $1100, a psychological level, and promptly returned to the mid $1K's. The lack of buying interest even at the base of the $1K handle is concerning, as is the lack of follow through with the brief pump we just saw. If $1017 does not hold, then $940 and $880 are the next levels of support below. If we are somehow able to rally past $1100, then $1235 will surely be a ceiling.

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