Current price: 1498
Key point: 1400
Our preferred direction: buying positions above 1400 levels, targeting 1685 as a first target, then 1800 as a second target
Alternative scenario: stop loss and change direction by breaking 1400, targeting 1285
Technical comment
Ethereum fell from the resistance levels on the daily time frame 1687-1800, so that the price is expected to reach the support levels 1352-1400 at the ascending trend line from the bottom of last November, and then rise again to the 1685-1800 levels
