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Ethereum Price Technical Analysis – ETH/USD To Resume Trend

Published 1 year ago by oliver wood

During the correction wave, the price was able to break the 50% Fib retracement level of the last wave from the $136.50 low to $255.74 high. Also during the downside move, there was a break below yesterday’s highlighted major bullish trend line with support at $205 on the hourly chart of ETH/USD. The stated level was also above the 61.8% Fib retracement level of the last wave from the $136.50 low to $255.74 high. A move above the 23.6% Fib retracement level of the last decline from the $255.74 high to $185.43 low is a positive sign. Once it does, it can easily break $215 and the 38.2% Fib retracement level of the last decline from the $255.74 high to $185.43 low. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full
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