ETH/USD Comes Off to 2407: Sally Ho’s Technical Analysis 17 June 2021 ETH

Ethereum (ETH/USD) extended its recent pullback in today’s Asian session as the pair depreciated to the 2407.63 level after trading as high as the 2555 area during the European session, with the interday high representing a test of the 50% retracement of the depreciating range from 2849.15 to 2257.07, and also a test of the 50-hour simple moving average.  Some buying pressure emerged around the 23.6% retracement of the appreciating range from 2182.20 to 2480.69 during the North American session.