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ETH/USD: Looks Stout

From dailyforex.com

The Ethereum market opened Tuesday's trading session with a pullback, appearing to stumble momentarily before regaining its footing. In this evolving landscape, it seems we are in the process of constructing what resembles an ascending triangle formation. Nevertheless, looming on the horizon is a formidable barrier of resistance situated around the $2100 threshold, an area that commands our utmost attention. Should we manage to surmount this obstacle, the path ahead appears paved for a substantial ascent, with the market likely setting its sights on the $2500 level. Amidst these fluctuations, it is my belief that the ... (full story)

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  • Category: Technical Analysis