FX.co ★ #Ethereum chart analysis

Price #Ethereum continues to trade in the 2620-2750 range. This trading has been going on for about one week. The price still can't leave the current bounds, likely this behavior is related to the market awaiting the release of important U.S. labor market statistics. This publication will take place this coming Friday. If this data surprises the market, we may see a significant increase in volatility and a breakout of the current bounds. In case of a breakout to the upside, I expect a rise toward 2870. In case of a breakout to the downside, I expect a drop toward 2350. As for buys, I'm only willing to consider them near the sloping support around 2300.