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ETH continues to close daily candles above the 1731.83 $ intermediate support. Although on the 4h timeframe the price briefly closed below this level, after a small increase in volume it quickly recovered above support.
It is very important for ETH to start closing daily candles above the 1820.82 $ major resistance.
If the 1731.83 $ support is broken, I expect a decline down to 1637.58 $.
For this reason, a daily candle close below 1732.06 $ should be used as a short-term Stop Loss.
I don't share all of my analyses here. If you'd like access to my other analyses, feel free to send me a DM.
The analyses I share here do not constitute investment advice under any circumstances.
#ETH #Ethereum #Crypto #Crypto #Trading