$ETH Holding Short-Term Support $1550
ETH continues to trade as predicted. After holding $1750 and a brief relief rally back to $2000 Ethereum has broken lower the the $1550 support level. As stated in the previous chart I believe this will hold for short-term support but I do see high risk of another breakdown after a brief relief rally. $1400 serves as the next strongest area of support. The factors influencing ETH currently are the macro U.S. Fed tightening cycle and uncertainty around the Ethereum merge event. 
Related publications
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.