Although Ethereum finally broke down from our head and shoulders pattern, it has found really nice support at $1653, the exact level we have been calling out for some time now. It seems caught between this level and $1717, which we have identified as a new technical level. It should range here for a bit, but if it tries to break further, then $1748 will provide some resistance due to the fact that it's the neckline of our head and shoulders pattern. If we break down watch $1581, which is a Fibonacci level below. It is unlikely to test this level because $1653 will provide good support again.
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