In the last 10 days we saw ETH recovery from 1715 to 2390. But if we want to forecast it’s future move we have to see how this recovery happened.
- It began strong - $570 in 4 days - it then continued with a little bit leas strength - $372 in 2 days making a slightly higher high and then another downside move. - Now it’s going back up, but if there will be an upside continuation we should see a stringer move.
As of right now we don’t see much strength or any buying pressure. The levels before 2400 present a good opportunity for collecting profits and possibly new entries on a breakout, or after a correction.