ETH's second attempt to rise high could not effectively stand above the previous high, and it has begun to show clear signs of resistance and retreat. Short-term high-level consolidation begins.
The range of consolidation structure is quite obvious. In the future, if it retests 1750, it is expected to gain support. The issue is if the retest breaks, a short-term M formation will be established at a smaller level. The correction of the entire upward movement will then begin.
In the future, I want to see a continued rebound. The short-term bullish-bearish dividing line of 1750 needs to be held.
Several key positions to pay attention to
Support position
First Position 1750
Second Position 1720
Third Position 1686
Resistance position
First Position 1830-1850
Second Position 180-1895
Third Position 1950
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