CryptoTrendline

Ethereum in consolidation

BITFINEX:ETHUSD   Ethereum
Ethereum is still consolidating, although slightly dropping, following the reaction from the $700 flip zone.

Price is about to reach the support area around $630 and we could see a rally up to the flip zone once again.
If price breaks through support, the next support level is around $575.
Until we see some bullish price action around any of the support levels, it's best to wait and not make any trading decisions.

Good Luck,
CryptoTrendline

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