Ethereum rose with other cryptos off of a strong pivot in risk-on assets and a selloff in the US dollar. This is likely to be temporary, so taking profits, if possible, is a good idea. If momentum continues, then $1424 is the next target. If we reject current levels, then $1235 is sure to provide support. If not, then there is a vacuum zone down to $1100.
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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.