Ethereum bounced back toward $1,820 after reaching the liquidity level near $1,710, where a marked inducement point triggered a buying response. The daily RSI near 25 indicates oversold conditions that favor a corrective bounce but do not guarantee a durable bottom. The recovery would need to clear resistance at $1,840–$1,850 and then the $1,900–$1,980 zone to target $2,050–$2,130. A confirmed break below $1,710 would put the $1,510–$1,640 demand zone in focus. Large futures orders during the decline highlight potential selling pressure, but their direction and nature remain unknown.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
