Ethereum had a small correction

Ethereum had a small correction in the last 24 hours and rebounded before reaching the $1,600 support area.

The return of the price to the previous ceiling range has again been accompanied by a reaction, and in general, has increased the potential to enter the range trend.

Only the first signs of entering the range trend have been observed. But before that, there is a possibility of further growth and a move towards a more important resistance that is considered in the $1800 range.

For today, as long as Ethereum is above the $1,666-$1,675 range, we can consider the short-term daily trend to be bullish. Daily short-term targets will be in the ranges of $1720, $1740, $1775, and $1800.