The Ethereum broke the structure and the previous resistance became the support level. The price respected that area multiple times and it is expected that it will do again. The big orders are usually placed at the key levels. Thus, the buying positions are assumed to be at the support.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.