Current price: 2500
Key point: 2110
Our preferred direction: Buy positions above 2110 levels with 2820 as a first target and then 3200 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 2110 level, targeting the 1800 levels.
Technical commentary
Ethereum is moving in a downward direction on the daily frame from the peak of last May until it reached the pivotal support levels of 2110 and rose from there, forming a harmonic BAT pattern at these levels, so it is expected to rise to the levels of 2820 and then the levels of 3200.
