$ETH (UPDATE)

The focus in the $ETH market is on two crucial points: the significant trendline and the Daily Simple Moving Average 200 (SMA200) at 1783.

👉 Should #ETH maintain its position above the support of the trendline and SMA200 on the daily chart, the potential exists for a bullish upswing of approximately 15-18% over the upcoming days.

👉Alternatively, if the daily candle concludes beneath the SMA200 level, there's a likelihood that #ETH could undergo testing of the support range around 1630-1640.

This analysis is centered around the #Crypto space, specifically highlighting Ethereum's movement and potential scenarios.

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