Ethereum Showing Volatile Movements -
If we can break above there, then it’s likely that we could go to the $1800 level, where we have a lot of supply. Ethereum got a bit of a bounce based upon “The Merge” coming in September, but quite frankly we have seen that story before. It’s very likely that we see a situation where the market is very possibly going to see a bit of disappointment down the road. After all, the update to Ethereum is moving at a snail’s pace.
Alternately, if we start falling from here the $1400 level will more likely than not end up being a potential support level, especially as thesits just below it. Because of this, I think we have a scenario where the market could find itself trying to break back down into that previous consolidation box marked on the chart.
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