The rise of ETH is not as straightforward as Bitcoin, and it retested 1750 during the day. Similarly, in a high position consolidation, ETH still seems to struggle.
The high position consolidation is forming a new range. Pay attention to the situation of breaking through the previous high again. If it fails to break through again or pulls back after a surge, it may form an M top in the short term. A short-term rebound may face stagnation and begin to adjust.
Several positions to pay attention to
Support position
First position 1750
Second position 1720
Third position 1686
Resistance position
First position 1830-1850
Second position 1880-1895
Third position 1950
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