Expert opinion: bearish #ETH (from Coinsradar.net)

ETH is rising towards an overlapping resistance level that coincides with the 50% Fibonacci retracement level, and may reverse from this level and reach our profit target.

Entry point: 3,822.96

Reason: There is an overlapping resistance level that coincides with the 50% Fibonacci retracement level.

Stop loss point: 3,872.83

Reason: There is a pullback resistance level.

Take profit point: 3,774.77

Reason: There is an overlapping support level that is slightly above the 78.6% Fibonacci retracement level.

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