A trend line can be identified on the ETH chart, which acts as support. So far, this support is holding resistance from the sellers, but the price has already tested this level many times, and with each test, the support is weakening and a breakout may occur soon.
In case of a squeeze and breakout, there could be a good selling opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
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