ETH/USD Elects Stops Below 2194: Sally Ho’s Technical Analysis 19 June 2021 ETH

Ethereum (ETH/USD) lost additional ground early in today’s Asian session as the pair depreciated to the 2193.17 level after trading as high as the 2368.46 area during the European session, with the interday high representing a test of the 38.2% retracement of the appreciating range from 2182.20 to 2480.69.   Traders observe ETH/USD was driven lower and tested the 38.2% retracement of the depreciating range from 2950 to 1728.