Analysis of the situation on ETH/USDT

Let's consider the timeframe of 1 month. As we can see, the ETH price is faster than the BTC price. Now it has already rolled back to the ATH level of 2018. The nearest support levels are $1,130, $680 and $430. We marked them on the chart.

We expect the price to return to the uptrend soon. Most likely, this will happen either in the near future, or after touching the second marked level. Reaching the level of $430 is unlikely.

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