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ETHUSD: Next Stop for Ethereum Is $800

From dailypriceaction.com

The last time I wrote about Ethereum (ETHUSD) was on June 4th. That also happened to be the first time I posted about it on this blog. At the time, ETHUSD was breaking out of a multi-year consolidation pattern near $230. Fast forward to today, and those who bought ETHUSD at $230 are up nearly 70% in two months. Most of those gains materialized in just 13 days. If you saw that June 4th post, you know that the first significant hurdle for Ethereum bulls was the $350/60 area. It served as resistance in 2017, flipped to support in 2018, and has acted as resistance ever since. However, ETH bulls blew right through $350 ... (full story)

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  • Category: Technical Analysis