Ethereum could to find down the next support at $1,577 USD

In this analysis, I'm analyzing Ethereum from H1 timeframe to find up a good zone to short Ether. what I see that we're in the good place to short after that I believe that the price it's move in this zone by bullish rejection, and you might be very carefully to trade Ethereum. Also, I mark the key point that I found out in H1 timeframe as I want to trade cryptocurrencies by H1 timeframe and choose some crypto pars to trade with Forex market.

Now, technically, Ethereum it's into this bearish channel and based this analysis, we're in the supply zone. What I have 2 resistance key in yellow zone. In $1,645 USD and $1,651 USD. Also, I see that the key support could be $1,579 USD in short term. And also, if the price trying to break down the $1,579 USD, we could to see a drop until $1,558 USD.

I put my sell order limit to $1,645 USD, and Stop Loss to $1,678 USD and target toward $1,558 USD.

So guys, we hope that this analysis support very well to trade by Day Trading!!! The risk/benefit it's 1:2

Good luck!!!

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In H4 timeframe we see that Ethereum could to drop as I said in H1 timeframe, but it's very interesting what Ethereum still forming like a symmetric triangle

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Replace the orde!!! In H1 timeframe Ethereum going to drop, Sell limit in the previsouly candlestick closed to $1,623 USD. Stop Loss to $1,648 USD. And target to $1,558 USD

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The previously candlestick closed up wiht a bearish hammer

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We're in profit now!!!

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