Ethereum Analysis (ETH/USD)

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SUNDAY
16-JUN

Price broke above LW high and is likely to seek further upside LQ, above $285, which is also LM high.
Given that the upside LQ is so close, it seems unlikely that price will be targeting the HTF sell LQ in the beginning of the coming week.

On the Daily, price sold off after breaking LW highs and broke Y low.
This happened only on Bitmex and it seems more like a manipulation to take out late longs and possibly trigger the sell orders below Y low.
The selloff after breaking LW high seems more like regular profit taking of long positions.

On LTF, after breaking Y low, price reacted from the H4 zone that caused y'day's rally.
It also rejected the LTF range EQ, which could mean that it's now going to target at least the range high.

Ethereum Analysis (ETH/USD) | Ecency