ETH/USD Elects Large Stops Below 2153: Sally Ho’s Technical Analysis 21 June 2021 ETH

Ethereum (ETH/USD) continued to lose ground early in today’s Asian session as the pair extended selling pressure that saw it trade as low as the 2042.50 level during the North American session, representing a test of the 61.8% retracement of the historical appreciation from 90 to 5186.44.  Traders pushed ETH/USD as high as the 2219.52 area during the European session, representing a test of the 76.4% retracement of the appreciating range from 1545.77 to 4384.43.