As I said in my previous analysis, there are 3 major cryptos that I really like: Ltc, Eth, and Bnb.
With both Ltc and Bnb working very well, it seems is time for Eth to recover recent losses...
Technically speaking, the recent drop found a strong floor just under 1.1k with bulls taking control twice in this zone.
Last week's drop is a higher low relative to 1.1k and a daily close above 1.3k would also confirm a double bottom in place.
The first resistance is at 1420, but in my opinion, 1700 is more likely in the medium term.
This bullish scenario is negated by a drop under 1.1k
With both Ltc and Bnb working very well, it seems is time for Eth to recover recent losses...
Technically speaking, the recent drop found a strong floor just under 1.1k with bulls taking control twice in this zone.
Last week's drop is a higher low relative to 1.1k and a daily close above 1.3k would also confirm a double bottom in place.
The first resistance is at 1420, but in my opinion, 1700 is more likely in the medium term.
This bullish scenario is negated by a drop under 1.1k
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