We can still expect the range trend to continue

٧ فبراير ٢٠٢٣

Ethereum has been in a range trend for the past day, and given the large resistance support levels placed in the current ranges, this range trend was not far off. We can still expect the range trend to continue. A reversal pattern has formed on the Ethereum chart in the 4-hour timeframe, and if the ceiling of the pattern is broken, we can expect the price to rise again to the $1,695 - $1,714 range. Note that Ethereum generally has a range trend in the current ranges, but its momentum is still bullish, and there are no definite signs of price correction and trend reversal in the lower timeframes.