CheddarBizcuitz

$ETH Price Prediction 02/05/2023

BITSTAMP:ETHUSD   Ethereum
Price back below symmetrical support after being rejected around the intersection of prior resistance and 1650.

Lows have been established at 1610 which should serve as neckline for potential double-top continuation.

If we break this zone (likely from a close off D1) refer to long-term pattern average (blue) -> 200EMA -> 1500 as critical supports.

Remember that we're still within the long-term ascending consolidation (yellow) which would position us for low 1300s EOM if the above occurs.
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