Aliens TLDR

Ethereum (ETH) price has been clawing back losses at the start of the trading day, but attempts have been cut short quite quickly after Europe opened, and saw equities dragged to the downside.

Now it looks like price action will have to take a step back, becoming less volatile as liquidity gets pulled for the summer.

Ethereum price already broke the high of yesterday during the ASIA PAC session but quickly fell down again below its opening price once Europe started to come into play.

This means a bullish shift could be possible for a few days, with price action getting lifted towards $1,243, and then capped by the monthly pivot at $1,300.

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