Current State of Ethereum (ETH)
Approximate price: Around $1,865 - $1,872 USD.
Recent behavior: ETH has been recovering well after hitting lows in the $1,550 area in late June. Over the past few days, it managed to rebound strongly from the $1,700 support, but it has run into a major wall while trying to consolidate above it.
The 48-hour catalyst: If you see ETH closing a daily candle above $1,880 - $1,900, it is very likely to quickly seek a test of $1,950 or $2,000. If instead it loses $1,830, we could see a short drop looking for liquidity near $1,780 before attempting to move higher again.
#Ethereum #bitcoin $ETH
Approximate price: Around $1,865 - $1,872 USD.
Recent behavior: ETH has been recovering well after hitting lows in the $1,550 area in late June. Over the past few days, it managed to rebound strongly from the $1,700 support, but it has run into a major wall while trying to consolidate above it.
The 48-hour catalyst: If you see ETH closing a daily candle above $1,880 - $1,900, it is very likely to quickly seek a test of $1,950 or $2,000. If instead it loses $1,830, we could see a short drop looking for liquidity near $1,780 before attempting to move higher again.
#Ethereum #bitcoin $ETH