When can traders expect bounce back of Ethereum (ETH)?
If the decline continues to the vital area of $1,600 and fixes below it, the accumulated energy might be enough for a further drop to the nearest support level of $1,543.
A less clear picture can be seen on the weekly chart as the price remains trading within the previous candle. But if the bar keeps falling to the support level, one can expect a blast to the $1,500 zone. Such a scenario is relevant until the end of the month.
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