Technical & Analytical
$ETH update: The daily MA 50 and horizontal resistance held firm, resulting in a 6% retracement from the recent high.
Downside targets to watch for potential reversal plays:
Immediate Support: $1,670
Macro Demand: $1,500
Validation for the next major leg up requires a decisive daily close above the MA 50 and $1,850. Reclaiming that level opens the door to $2,400. 📈
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