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Ethereum Price Analysis: ETH/USD Price May Reverse at $250 Level
Ethereum remains bearish on the medium-term outlook. The Bears are still in control of the Ethereum market. Ethereum started consolidation on June 03 and it lasted for four days within the range of $258 and $225 price level. The price is almost on the same level until June 09 when the bears exerted pressure on the price and it dropped at the demand level of $225. Ethereum price bounced and then it moved up towards the supply level of $258. The Bears prevented the price to reach the mark at the dynamic support and resistance level. Ethereum price is currently trading in between the 21 periods EMA and 50 periods EMA. ... (full story)