Ethereum is feeling out the range after it dipped to $2025. We have attempted a rally, but have stopped short of our resistance level at $2402. We appear to have a bearish Gartley cypher pattern forming. Cypher patterns are extremely reliable in trading and we can expect ETH to retrace 50% of the CD range. This coincides nicely with about $2200, a technical level. This would be perfect for a short term trade and would give traders the opportunity to load up for the longer term.
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