Ethereum can make correction and then it continues to move up

16 Eki 2023

Hello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price rebounded from the 1650 resistance level and declined to the 1575 support level, which is coincided with the bottom part of the range with the buyer zone. After this, the price fell to this zone, reached the support line, and at once rebounded and made a strong upward impulse until to the resistance level, which coincided with the seller zone. Then, ETH broke this level, exited from the range, and rose to the resistance line, where it soon bounced and started to decline. In a short time, ETH fell lower resistance level, and later it tried to rise back but failed and continued to decline to the 1575 support level. Ethereum broke the 1575 level and fell to the support line, but a not long time ago it bounced up to the resistance line. Also soon, ETH broke this line and a few time ago rose higher support level, where it continued to trade near. Now, I think that the price can make a correction to the support level and then ETH continue to move up. For this reason, I set my target at the 1625 level. Please share this idea with your friends and click Boost 🚀