Ethereum Analysis (ETH/USD)

THURSDAY
18-JUL

Price took out LW low and seems like more downside could be expected.
Price is likely targeting the W1 buy zone further below, where buyers may be willing to step in.
The W1 buy zone is around $175.
Any rallies could face a lot of resistance currently and the upside LQ seems far away right now - above LW high around $310.

Price took out Y high and but was unable to continue further.
If it rallies up to LW low, sellers may be waiting to step in there.
The D1 sell zone from MON around $225 could also provide resistance as this is the zone where sellers decided to push price below LW low.