The current price: 1568
Key point: 1500
Our preferred direction: buying positions above 1500 levels, targeting 1687 as a first target, then 1800 as a second target
Alternative scenario: stop loss and change direction by breaking 1500, targeting 1450
Technical comment
Ethereum fell from the resistance levels on the daily time frame 1687-1800, then it reached the lower border of the ascending channel from the bottom of last month, so it is expected that Ethereum will rise again to the levels of 1687-1800 again
