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Ethereum analysis at the start of this week: Bears are a little stronger but this trading map is the key for crypto traders
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Key takeaway: Ethereum remains bearish below $1,881.50, but selling directly into $1,852 carries poor location unless price confirms that support has failed.
Sunday’s reopening rally reached $1,903.50 , briefly moving above the previous value-area high near $1,889 , before being rejected.
The previous session’s value-area high was near $1,889, while the current value-area high is developing near $1,878.50.
Ethereum bullish above $1,881.50The bullish TradeCompass threshold is $1,881.50.
Ethereum bearish below $1,848.50The bearish TradeCompass threshold is $1,848.50.