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28:09
Ethereum Price Key Trend is Forming and Swift Recovery Could Occur
Published: 1 year agoCategory:
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Ethereum is attempting an upside break above the $1,230 resistance against the US Dollar. ETH could start a strong increase if it settles above the $1,230 and $1,250 resistance levels.
- Ethereum tested the $1,180 level and climbed higher sharply.
- The price is now trading above $1,200 and the 100 hourly simple moving average.
- There was a break above a key contracting triangle with resistance near $1,215 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could gain bullish momentum if there is a clear move above $1,230 and $1,250.
Ethereum Price Eyes Fresh Rally
Ethereum price started a downside correction from the $1,230 resistance zone. ETH spiked below the $1,200 support zone and the 100 hourly simple moving average. Read More
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