Ethereum Price Dancing With a Familiar Level

Ethereum has a price level I think is rather important given it is essentially the base of the bull run back in the spring of 2021 and also the 2018 top.

That level is 1375 (give or take 25 points). We did see price fall below that for a smidge before rallying back above.

Falling Below the Past?

Really that is my wonder, will we see price below the historical levels of the past? The 2018 top is what price is fighting with now. The thing is we could see price drop to the 700 area purely on a technical view. That is really where the bottom was before the last bull market.

Now obviously we'd need another leg down in the whole market to see that, but the point is that is still a possible scenario and giving us a full road trip.

We've seem them before so we can see them again.

Posted Using LeoFinance ^Beta