Ethereum has reclaimed the low range on daily and weekly timeframe. On the daily a beatiful demand zone has formed at that level, with confluence of recent local highs and with the fib .618 and .705 levels (check details in the update below). It is heading to hunt liquidily at local highs just below the daily suppply zone. You can see the liquidity at first high has been hunted before making it's current move down towards the daily demand which is a solid place to bounce and for a new low and make a higher move!
Note
A better view on liquidity levels and retracement fibs
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