$ETH big move
As anticipated, the price experienced a significant correction after the wedge pattern broke, reaching the main target and forming a double bottom.
Currently, the price is in a downtrend channel on the H1 chart, but is correcting upwards in the short term. Be cautious of the substantial resistance level around $2,300-$2,350.
Upon examining my daily views, I notice the correction is temporary, and the support at $2,150 will be broken. Logically, the price should continue to decline towards the main uptrend around $1,950-$2,000.
Key levels to watch:
- Support zones: $1,980, $1,800, and $1,600
- Resistance levels: $2,350, $2,480, and $2,600
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