CryptoTrendline

Ethereum short term

BITFINEX:ETHUSD   Ethereum
Ethereum continues to consolidate and started the day with a drop.

There has been no change since Monday's analysis so the scenarios remain pretty much the same.
If price continues the move up and starts trading above the flip zone, we can expect it to reach the resistance around $850.
If price starts to move down, the next support areas are around $575, followed by $500.

Good Luck,
CryptoTrendline

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