Blocksmith Says: Ethereum Is Finding Support

2 May 2022

No much to add to last week’s comments as Ethereum looks for support in the 40 day cycle trough zone and at the January uptrend support line. 

Interestingly crypto is going up while global equity markets slump, typically they are tightly coupled.  The preferred view remains for an upside reversal in both Ethereum and Bitcoin.  The key level to beat here is US$3,000. We need price to pass up through and find support at this level.

Blockhead Team
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