Ethereum can bounce down and try to break support level

24 Jun 2023

Hello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price, after breaking the current support level, fell to the next support level, which coincide with the support area. Also, at this time price entered to triangle, in which ETH broke 1715 support level with the area and declined to the support line. But at short time, it bounced back and made a strong upward impulse to the current support level, thereby exiting from the triangle and breaking the 1715 level again. After these movements, price continue to rise and broke the 1860 level too, and now trades near this level. In my mind, Ethereum can rise a little and then bounce down to the support level and try to break it. As well, if price will break support level, then can be retest and continue to fall. For this case, I set up my target at the 1815 level. Please share this idea with your friends and click Boost 🚀