**ETH :** This chart looks a bit different compared to BTC , however, kinda in the same situation.
Currently just ranging . If flip the 1660-1684 resistance into support. Then it'll go up for another leg up.
However a rejection here would take it down to 1564 before any further down later 1500,1382 and 1200 (long term).
Mainly because it broke the uptrend , consolidated and got pushed down to 1565, the current bounce acts as a retest of the recent pullback and getting rejected at above mentioned levels gonna lead to a correction on ETH to the above mentioned target levels.
Currently just ranging . If flip the 1660-1684 resistance into support. Then it'll go up for another leg up.
However a rejection here would take it down to 1564 before any further down later 1500,1382 and 1200 (long term).
Mainly because it broke the uptrend , consolidated and got pushed down to 1565, the current bounce acts as a retest of the recent pullback and getting rejected at above mentioned levels gonna lead to a correction on ETH to the above mentioned target levels.