Ethereum (ETH/USD) came off early in today's Asian session as the pair depreciated to the 1709.96 area after trading as high as the 1753.81 area earlier in the Asian session. Stops were elected above the 1751.20 area during the ascent, representing the 23.6% retracement of the depreciating range from 1836 to 1725. Traders observe ETH/USD continues to regain lost ground following its recent depreciation from its all-time high around the 2041.42 level to the 1292.76 area. The market has tested the 1667.09 level, representing the 50% retracement of this depreciating range, and additional upside retracement levels include 1755.43, 1864.74, and 1881.21. If ETH/USD extends its upward strength, additional upside price objectives include the 2080.48, 2134.98, 2150.66, and 2210.42 levels.
Stops were also recently elected above the 1930.40, 1957.36, and 2017.05 levels during the appreciation, areas related to historical buying pressure around the 215.16, 370.50, and 176.43 .
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