On Saturday, the price of Ethereum fell below the $ 900 level to $ 880. Yesterday we saw a recovery above $ 1,000 and then a jump above $ 1100. During today's first part of the day, the price of Ethereum found support at $ 1080; after that, we see a bullish impulse up to $ 1160. Additional resistance at that level is the MA200 moving average. If we see the break above, our next target is the $ 1200 level, then $ 1300 and the formation of a new higher high. We need a negative consolidation and a return below the $ 1100 level for the bearish option. After that, we will test the $ 1000 level again. If we see a break below again, Ethereum will again test its low last week.
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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.