Ethereum Rejects the $1800's

Ethereum broke through a cluster of levels in the high $1700's, briefly testing the $1800's, and coming very close to our target of $1821, where it rejected the $1800's hard. It has since plummeted through those levels in the $1700's, finding support at $1653, which is the first of the cluster of levels we mentioned earlier. We are currently finding support here, but if we break lower, then $1547 is the next support level down. The Kovach OBV has leveled off, so anticipate further support here, at least until CPI figures are released at 8:30AM EST. If we are able to rally, then the $1800's still remain a significant barrier, which will take formidable momentum to break.