Ethereum has retraced significantly from highs. Even though this is a significant retracement, we are still very bullish of ETH. We have retraced to $1695 from $1825, just above the psychological $1800 level. We have multiple levels of support below from Fibonacci retracement levels, including $1653, $1623, and $1593. We doubt the latter levels will be hit but should be considered extremely enticing buying opportunities. Our next target is $1905.
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