As we said in the previous analysis, Ethereum could not cross its downward trend line (blue line) and change the trend and continued its downward trend. A slow pass will see a further drop to the $1064 range. Otherwise, if the volume of purchase is such that the price chart can break the resistance range of $1165, we will witness the activation of the upward scenario and we will expect to climb up to the resistance range of $1231.
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