Ethereum has bounced from 420 to 475 following the movement of BTC, which bounced from 5750 to 6350.
At the moment ETH is trading aroung 450-460 and general structure is bearish. In case we move higher we need to look for the bearish trebd line and the 580 level.
Now if we see Ethereum breaking level of 580 we can aim for a conservative target of 520 USD.
At the same time we need to keep an eye on BTC, its BTC which is dictating terms in this market.
Thanks for sharing this post
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