$ETH

In very simple terms, we have an obvious play here.
If price does not manage to close the weekly above $2,000, the chances of going at least to the mid-range increase significantly.
I see this as a range that has been forming since early 2023.
Range high – $2K
Mid-range – $1.5K
Range low – $1K
We found strong support at $1.5K last April and bounced back to almost $5K.
A similar move could happen again.
The best-case scenario is to create a higher low here around $1.7K–$2K and then start moving up. However, if we fail to hold last week’s low, you know where to load your bags. #ETH #Ethereum