$ETH Price broke below the upper range and is now approaching the highs of the previous range around $2,545.
I favor a bounce here and a move back toward $2,635. If price reclaims that level, a retest of the upper range highs around $2,780 becomes likely.
However, if support fails, I expect a move toward the lower boundary of the previous range around $2,360.
I favor a bounce here and a move back toward $2,635. If price reclaims that level, a retest of the upper range highs around $2,780 becomes likely.
However, if support fails, I expect a move toward the lower boundary of the previous range around $2,360.