Let's look at the big timeframe (weekly). currently the price is moving in the consolidation area, forming a triangle with a narrowing trend but in a long time span. therefore there has been no eth spike for several years making it feel boring. big movement if it is able to penetrate the breakout line of 3500-4000$ or there will be a rejection if it fails. Major support is in the area of 1500-1700$ which historically is quite good at withstanding high selling pressure.
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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.