The current price: 1776
Key point: 1687
Our preferred direction: buying positions above 1687 levels, targeting 1900 as a first target, then 2028 as a second target
Alternative scenario: stop the loss and change the direction by breaking 1687, targeting 1550
Technical comment
Ethereum rose from Fibonacci levels 50%-61% on a daily basis, and from the ascending trend line from the December low, and from the upper border of the bearish flag from the January high, and currently it is based above the pivot point 1687, so that it is expected to complete its rise to the expected harmonic pattern at 2028 levels
