Ethereum has been ranging, with $1750 as a steadfast lower bound. It is looking pretty weak and if Bitcoin continues its retracement, we could break $1750, and hit $1694, or $1653. The latter should provide support as it is the neckline of our inverse head and shoulders pattern. We are seeing the Kovach OBV pick up, however, so this divergence could be good for ETH. A lift could take us to $1821, $1872, or back to highs at $1906.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.