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Ethereum Liquidations Point to Range Trade Opportunity
Like Bitcoin, Ethereum had a nice rally over the weekend after reclaiming $1,835. You can see where ETH tested that level as support on the 28th before continuing toward $1,887. You should be very familiar with these levels if you follow me on Twitter, as I’ve posted them a few times in May. So far, Ethereum is holding above $1,887 on a 4-hour closing basis, which exposes the $1,960 resistance area. There’s also a large cluster of short liquidations in the $1,960 region. Liquidation clusters like this often serve as magnets for price. That alone could trigger another rally from Ethereum, making the recent ... (full story)
