Ethereum / TetherUS
Long

Ethereum can rebound up from buyer zone to top part of range

414
Hello traders, I want share with you my opinion about Ethereum. Observing the chart, we can see that the price a few time ago rebounded down from the resistance line of the downward channel and started to decline to the 1835 resistance level, which coincides with the seller zone. After the price reached this level, ETH bounced up and some time traded near the seller zone, but later price rebounded down and fell below, thereby breaking the 1835 resistance level. After this movement, the price entered to the range, exiting from the downward channel and firstly it declined to the bottom part of the range, which coincided with the 1600 support level. Also later price bounced up and reached the top part of the range and then rolled back and at the moment, the price trades very close to the buyer zone. Probably, Ethereum can make a small movement down to the buyer zone and then it bounces up to the top part of the range. For this reason, I set up my target at 1745 level. Please share this idea with your friends and click Boost 🚀

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