Ethereum Rejects $3500

Ethereum has retraced from highs at $3563 back to the exact support levels we identified at $3324. The selloff in crypto bled into Ethereum, even though ETH appeared to be holding strong while Bitcoin wavered. But the $3500's turned out to be a ceiling for now, and we've corrected accordingly. We do appear to be seeing strong support confirmed by two green triangles just below $3324, but if this does not hold, $3200 should provide strong support.