Ethereum is approaching our major at 995 ( , horizontal swing low support) and a clean break of this level could open a potential drop to 769 major support ( , horizontal swing low support). We have to be careful of intermediate support at 931 ( , horizontal swing low support).
(34) has made a exit of our ascending support-turned-resistance line signaling that we’re likely to see massive pressure.
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This analysis is provided as general market commentary and does not constitute investment advice.