Can traders expect a quicker bounce back of ETH? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
On the hourly chart, traders should focus on the nearest level at $1,844.7. If the daily candle closes above it, the rise may continue to the $1,850 area. Such a scenario is relevant until the end of the day tomorrow.
An opposite picture can be seen on the bigger time frame, as the price remains near the support level at $1,816. Traders can start thinking about midterm growth only if the rate gets back to the $1,900 mark and fixes above it.
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