Almost same analysis we have to BTC. We understand that BTC controls the market. So, if we can get a push to the upside from BTC we'll definitely get a reversal to the upside on ETH. ETH is currently around our horizontal and vertical support areas with multiple rejections showing. If we see a push to 2374.4 we can then see a little retracement then we push to the resistance of our vertical trendline. All these analysis is based on ETH respecting this setup if otherwise, then we have a stoploss in place to cut losses short. Stoploss 1567.6
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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.