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Ethereum: Failing to close above this level over the next 24 hours can have this impact
The weekend curse seemed to be lifted as buyers returned to the global cryptocurrency after losses seen on Friday and Saturday. The world’s second-largest cryptocurrency, Ethereum, noted a rise of over 8% over the last 24 hours and traded at $1,862 at the time of writing. This rise was quite a relief as losses were maintained at the 23rd May swing low of $1,720 but bulls were not in the clear just yet. chart Ethereum’s price has oscillated within a descending channel over the last 25 days, forming lower highs and lows in the process. The last few days, in particular, saw the pattern test ETH’s defenses at ... (full story)
