Ethereum has broken the local trend line and is now near it. If the price tests the trend line as resistance, it would be a good opportunity to sell. The price could then approach the nearest trend line, which is now strong support. If price starts to squeeze towards this trendline it would be a signal for a new downtrend move.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
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