Ethereum Recovers the $1400's

Ethereum has pulled back all the way to $1341. We found support here, confirmed by a green triangle on the KRI. Subsequently we bounced back to the $1400's, barely breaking our level at $1424. We don't expect too much more action, with strong resistance from $1547. Another dump could take us back to $1235, which is the upper bound of the range ETH had held for most of this month. If we break down from there we will have returned to the range between $1017 and $1235.