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Ethereum Range Trade Opportunity and Short Liquidations

From dailypriceaction.com

The crypto market remains sideways even after the rally between Tuesday and Wednesday. And Ethereum is no exception. We’ve seen ETH trade below $1,840 since testing it on the 18th, and we have similarly strong support at $1,715. We also saw Ethereum testing the September 2021 trend line at $1,680 on Monday, a must-hold level for bulls. So we have a well-defined ETH range between $1,715 and $1,840. Given this range and the short liquidations that have developed at $1,870, I wouldn’t be surprised to see a quick pump above range highs to flush shorts. Liquidation clusters like the one above often act as magnets, ... (full story)

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  • Category: Technical Analysis