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ETH Bears to Target Sub-$1,750 with Fed Chair Powell in Focus

From fxempire.com

Ethereum (ETH) fell by 1.21% on Thursday. Following a 0.11% loss on Wednesday, ETH ended the day at $1,801. The bearish session left ETH short of the $1,850 handle for the eighth consecutive session. A mixed start to the day saw ETH rise to a mid-morning high of $1,832. Falling short of the First Major Resistance Level (R1) at $1,845, ETH fell to a late afternoon low of $1,771. ETH briefly fell through the First Major Support Level (S1) at $1,792 before a partial recovery to end the day at $1,801. Hawkish Fed Chatter and Withdrawals Trends Weighed According to CryptoQuant, staking inflows increased from 118,176 ETH ... (full story)

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  • Category: Technical Analysis