The price action of ETH has followed the analysis almost to perfection, and now it appears poised for an upward movement. I anticipate a brief retest of the 100 SMA at 1'624, which could serve as the optimal entry point. The subsequent targets are 1'640 and 1'650, with the potential for a test of the significant level at 1'680 if momentum persists.
Comment:
That was quick! We are now on the 200 SMA, I would close all the trades and see if we can break it or get a rejection.
