Ethereum Breaks Resistance, then Retraces

Ethereum broke the technically and psychologically significant $2400 level before sharply rejecting the move and heading back to safety in the $2300's. We are currently finding support at $2324, which was the upper bound of the range from which it broke. We have added this level to the chart as a new technical level. Watch for ETH to range in this zone. The level to break is still $2400 and it appears we aren't quite ready yet, though the fact that we were able to do so even briefly is a good sign. If we are not able to hold current levels then $2232 will provide support.