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ETH/USD Analysis

Let's consider the timeframe of 1 week. While there is one negative floating around the crypt in the information field, the price is in the sideways direction. A large number of traders and investors have already closed their longs and turned into shorts. This may be the reason for the price increase in the near future. In our opinion, the most likely price reversal is from the levels around 1400 and 1690 after another downtrend.