Ethereum has edged down, but volatility is consilidating near our level at $1547. It does appear that we are forming a bull consolidation pattern around this level. If we are able to break out, then $1653 is the next target. We must break through this level difinitively before considering higher levels. There is a cluster of levels in the $1700's that will provide further resistance. If we retrace, we expect $1424 to be a floor for now.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.