ETH has been ranging lately between 165 and 150 after a good bullish run.
The price currently still shows more bullish than bearish signals but if 150 breaks to the downside, we could see a deeper correction.
172 is another important key level to the upside but if ETH is able to clear the resistance, the next upside target can be found at 209 which has been a very strong supply zone that triggered a multi-week sell-off.
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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.