Ethereum Pump Fades

Ethereum pumped a bit from lows after the FOMC event yesterday lifted stocks in a relief rally. This was quickly faded and we met stiff resistance at $1235, which we anticipated yesterday. We are currently wavering in the area between $1235 and $1017, establishing value here for now. We expect 1K to hold for now, as it is a strong psychological and technical level, aligning with a strong Fibonacci level drawn on daily charts. This is the barrier between current prices and 3 digit ETH. If it does not hold, we should see support in the $900's.