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ETH Falls Back Towards $120 As Buyers Battle To Keep It From Crashing Against Bitcoin

From cryptopotato.com

After rolling over at $135 earlier in the week, Ethereum has continued to drop as the buyers try to keep the coin above the $120 support. It is still trading sideways within a range between $135 and $110, however, a drop beneath $120 is likely to put the coin back a the bottom boundary of the range and, perhaps, even beneath $100. A rebound from $120 would be promising, however, it is unlikely to come if Bitcoin itself continues to drop further beneath $5,800.Once $120 is broken, we can expect immediate support at $110. This is followed up with support at $105 and $100. Beneath $100, additional support is expected at ... (full story)

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  • Category: Technical Analysis