Ethereum has caught a lift off the projected lower bound based on Fibonacci levels anchored at its range from last week. In fact, we broke one level below, to $1717, before a relief rally took us back to the $1800's. Currently we are just below $1900, facing resistance from $1906, one of our technical levels. We have returned to last week's range, and the upper bound at $2025 should continue to provide resistance should the bull momentum continue. We were due for a relief rally, but must break $2025 in order to validate that the market has shifted back to bull mode.
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