CryptoTrendline

Ethereum at decision point

BITFINEX:ETHUSD   Ethereum
Ethereum is still consolidating around the $700 flip zone and it doesn't seem to have any clear direction at the moment.

If price drops down the the support area around $630, we can expect a reaction and a possible rally.
If price breaks through the support, the next area of support is around $575.
If price rallies above the flip zone and keeps trading above it, we can expect it to reach the $850 resistance level.

Good Luck,
CryptoTrendline

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