The price of Ethereum recovered after falling to the $1000 level yesterday. A quick consolidation and bullish momentum pushed the price up to $1125. A new pullback and a return below $1100 are happening again, but now we have support at the $1060 level. If we manage to stay at this level, the price of Ethereum could once again be above $1100 today. After that, if the positive consolidation continues, ETH could continue towards the $1200 resistance zone. For a bearish option, we need a continuation of this morning's negative consolidation and a drop below $1050. Then we would again have a target of $1000 as the first potential support.
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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.