An untouched point of control (POC) has magnetic attraction for the price (the price seems to remember these levels) Not always - but very often!
Ethereum just missed the POC at $2.773. The next higher POC would get ETH back over $3.000. A correction down to the POC $2.471 - $2.515 is possible since we are temporary oversold.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice do your own research before investing