$ETH - Technical Outlook

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ETH got rejected from the 2540s and sold off into the 2400 area, where price has been consolidating and building a local range. We’ve since bounced back into 2430s, but still trading below the 2460 resistance.

2400 is the local support here and could see a bounce into 2460. But if price gets capped there, I think there’s a chance we test the lows in the 2350s. Anything below 2400 after that, then I’m looking for a sweep into 2300.

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