Etherum Price Technical Analysis 06.04.2023

Ethereum had a range breakout upwards and our current support is around $1846 levels.

If ETH loses this support zone and enters inside the range again then we could consider this price action as a deviation and we can expect that it could go down until mid-range levels, which is around $1770 areas.

For ETH to continue to go up, ETHBTC pair has to reclaim 0.068 zones which is important resistance area in my opinion. Right now in ETHBTC pair current support seems 0.0655 levels. Might bounce from that area. I suggest to follow BTC pair closely if you have open positions on Ethereum.

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