April 22' CME Micro Ethereum Futures' advance was halted at the 50% Fibonacci Retracement level (3544)
Old resistance around 3222 (.382 level) has now become support and NEEDS to hold in order to keep the bull trend alive.
If this fails, I could see it falling to the 2650 area, which would be the last line in the sand for the bulls.
-Paul Wankmueller
Old resistance around 3222 (.382 level) has now become support and NEEDS to hold in order to keep the bull trend alive.
If this fails, I could see it falling to the 2650 area, which would be the last line in the sand for the bulls.
-Paul Wankmueller