Unfortunately, for Ethereum bulls, there does not seem to be much in the way of hope. It will most likely be a hurdle for ETH to hold current levels, let alone to overcome $225 again. After that, we have more psychologically and technically significant levels including $250 and $300. On the downside, ETH seems complacent with current levels but if there is a significant vacuum zone below and another bear run would take us to our original target of $168.
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I have a question for you if you are willing to give some advice. I am relatively new to the world of technical analysis, and am only now publicly publishing my trades. One of my weaknesses right now is determining take profit points (like support lines for a short position), how do you find your support and resistance points?