Ethereum appeared to be forming a consolidation pattern around $1235, and was looking like it was thinking about breaking out. However, we sold off further, and broke down to $1017, where we finally saw support. We do appear to be finding a small pivot at this level, but we have a surprising lack of follow through and volume, even at these prices. It seems inevitable we will dump further, and establish 3 digit prices for ETH. If we do find some momentum, watch $1235 for resistance.
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