Ethereum consolidated losses near the $1830 level, but bearish pressure still looms large.
struggled to hold on to the $29.0k mark, further entrenching the idea of sellers’ edge over the weekend.In the last few days, ETH’s price action has remained subdued below the roadblock and H12 bearish order block of $1883 – $1929 . With a weak BTC, roadblocks could persist, giving sellers more edge.
If ETH breaches the range-low and consolidates below it, a retest of the $1700 zone is likely. So far, ETH has recorded positive price reactions whenever it retested the weekly breaker of $1743.
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