Current price: 2767
Key point: 2500
Our preferred direction: Buy positions above 2500 levels with 3100 as a first target and then 3500 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 2500 level, targeting the 2100 levels.
Technical commentary
Ethereum is moving in a downward direction on the daily frame from the peak of last July until it reached the support levels of 2100 and rose from there forming a harmonic pattern. In the event of a breach and stability above the 2800 levels, Ethereum will head to the 3100 levels and then the 3500 levels.
