Welcome to this analysis about Ethereum , we are looking at the 30-minute timeframe perspective. Since Ethereum has shown up with paramount declines in the last times it somewhat recovered and testing previous levels, this recovery however is not yet fully strong and as marked in my chart Ethereum has this major resistance-cluster in the structure where several resistances coming together likely to show up with a pullback which will continue when Ethereum completes this ascending-triangle-formation. When this happens Ethereum will move on and test the lower levels of support marked in blue from where the situation needs to be elevated anew as these are very important zones to hold sustainably.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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Information provided is only educational and should not be used to take action in the market.
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