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🪙We are observing a similar picture with ETH as with BTC — a local uptrend is forming. Therefore, updating the local high around 4100 is just a matter of time.
✔️The key level of 3800 has been successfully held: the candle from October 10 closed above this mark, and the recent dip below was merely a retest of the shadow left behind.
The main liquidity for Ethereum is concentrated around 4300, where serious resistance is encountered.
I am opening a long position at the current prices and additionally placing a limit order at $3850.