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quantguy
Aug 1, 2022 9:50 AM

Ethereum Holding Near Highs Short

Ethereum / U.S. dollarBitstamp

Description

Ethereum is ranging between $1653 and $1748. We have a dense cluster of levels in between these two boundaries, and the price action appears to be caught in between them. We do appear to be seeing a flag consolidation pattern, so we will see if the market can sustain another breakout. If we are able to break past $1748, then we should be clear to hit $1821, which is our next technical level and significant target. If we retrace, expect support at $1547.
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