There are two scenarios around here! First, ETH is creating semi diamond pattern which is reversal and may trigger a bounce to ~$1.76k. Second, It is struggling with the downtrend line and SMA which are serious resistance that may cause a fall to ~$1.4K again. So keep watch on ~1.6K and see how ETH decide to move.
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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.