Chart pattern formed- Head and shoulder
ETHUSD trades weak for a seventh consecutive week and lost nearly $2000 as the crypto market slumps. The demand for riskier assets plunged after the Fed hikes rates aggressively. It hits a low of $1701 and is currently trading around $1930.
The bearish invalidation can happen if the pair closes above $2500. On the lower side, the near-term support is $1625 (200-W EMA). Any weekly close below targets $1168 (200-W MA).
The immediate resistance stands at around $2165. Any breach above confirms minor pullback. A jump to $2300/$2500 is possible. A surge past $2500 will take the Ethereum to Apr month high of $3581.
It is good to sell on rallies around $2200-05 with SL around $2500 for TP of $1200.


FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
Major Pair Currency Score: EURUSD and GBPUSD Extremely Bearish, USDCAD and USDCHF Extremely Bullish
FxWirePro: AUD/USD firms after RBA governor Bullock comments
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty
FxWirePro- Major Crypto levels and bias summary
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot (Major) 



