Ethereum (ETH): We Reached Our Major Target | Possible Drop

We reached our major target zone where ETH touched the $2,700 area (where we caught the movement from $1,950 to $2,700). We had a good upward movement and now it is time for a smaller correctional movement before another BOS and bullish movement.

Now we also might not see the correctional movement that would fill the bearish CME gap (but it would be an ideal buy zone for us). The other scenario would be seeing a proper BOS on smaller timeframes with a successful retest.

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