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Last week, I mentioned that the price staying below the symmetrical triangle for Ethereum was a trap. In the current chart, the price is close to the first major resistance level at $3324. I see a rise in price up to $3700 as reasonable. If there is a close above $3700, I will change my bias to bullish.
Unless this scenario occurs, I expect the price to continue its downtrend and make a new low. This low could be around $1700. #ethereum $ETH
⚠️ #advertisement or investment advice is not provided. This analysis is my personal opinion. It is not definitive.