Etherium - Price stands on local support.

After the release of the data on the chart, buyers held the price at 1544 and pushed it up 8.96%. This tells us that we will most likely see a continuation of local growth if the price doesn't fall below 1544. We need to pay attention to how the price will react to the approach to the level of 1661, we can see several variants of the situation.
First: a false breakout of the local highs and a sharp reversal back and further decline in the price, which will go to test the buyer.
The second one: a structural set of positions by the buyers who will absorb the current supply in the market and push the price to about 2000, where the distribution of the asset can start.



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As said in the previous situation we saw a false pullout and a strong impulse movement.