Hello friends. Ethereum rebounded from $1,730 support level, the volume increased, it means that stop losses were collected and the price got liquidity to buy. There is a value area on the chart above, as well as a key resistance level of $2250, below is the support level of $1730, now price is moving near the local trend line to the resistance level. I expect that price may go up to the value area and already there I will look for entry points into the position. Be careful and set stop losses!
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
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