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ETH/USD: Pulls Back from Major Resistance Barrier

From dailyforex.com

Ethereum has gotten a bit of a boost over the last couple of weeks as the risk appetite has gotten better, and of course, the network is starting to get close to a major upgrade. This suggests that the market is more likely than not going to be seeing more use, but whether or not that actually happens is a different situation altogether. Underneath, the 50-day EMA should be supported, near the $1325 level. The $1200 level underneath there is the top of the previous consolidation area, so I do think that it’s an area that a lot of people would be paying close attention to because it also would have a lot of “market ... (full story)

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  • Category: Technical Analysis