Ethereum Analysis (ETH/USD)

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FRIDAY
9-AUG

Price took out all the nearby upside LQ and rejected.
It seems to be seeking the sell LQ now and possibly continue lower towards the W1 buy zone below $180

On the Daily, there are almost equal lows below and seem like the next target.
Price may find some support around $200 but as of now the momentum is bearish and any rallies above $220 could provide shorting scenarios.

Ethereum Analysis (ETH/USD) | Ecency