ETHEREUM - SHORT TERM SCENARIO + RANGE PROPOSAL
Ethereum bounced nicely while eth/btc retested downward line of one-year channel which was broke down in May.
Everything points out that we are going towards huge resistance at 1740 usd.
I would rather see retest of 1424 usd area which is very imo very important.
If we success then imo we will tap prices at range high of our huge accumulation range.
I still think its a rilief rally and we will go lower.
Area of 1240 usd seems to be tapped as nice mid range area so our bottom should be around 750 usd.
Everything points out that we are going towards huge resistance at 1740 usd.
I would rather see retest of 1424 usd area which is very imo very important.
If we success then imo we will tap prices at range high of our huge accumulation range.
I still think its a rilief rally and we will go lower.
Area of 1240 usd seems to be tapped as nice mid range area so our bottom should be around 750 usd.
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