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Ethereum held the long term swing point at 911.00 posted on January 5th and has now hit our long term target of 1425.00.
A break from this area could send them down to the long term swing point again, this is 38.2% back to the 3/13/20 low and a major Gann square. Any break from this area that can only get down to 1120.00 keeps the market extremely positive, this 23.6% back to the 3/13/20 low and a major Gann square. You can also use the major Gann squares at 1306.00, 1169.00 and 1040.00 for support on any break.
With a solid close above 1425.00 that also closes above the 1450.00 major Gann square the new long term target will be 1762.00. Before this is one other major Gann square at 1602.00 to look for resistance.