- Ethereum price is likely to undergo a retracement to the $1,202 to $1,218 demand zone to refill bullish optimism.
- A bounce from this level will allow ETH to sweep the buy-stop liquidity above $1,309 and $1,350.
- Invalidation of the bullish thesis will occur below the $1,195 support level.
Ethereum price shows a lack of bullish enthusiam, resulting in three failed attempts to overcome an immediate hurdle. As a result, ETH has slid lower and is likely to continue…
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