Analysis of prices for ETH
ETH / USD. Yesterday bears pierced the support of 1735.00 USD and renewed their two-month low to the level of 1700.00 USD.
In the evening, the Ethereum price rebounded, returning to the upper border of the blue channel (1860.00 USD). This level was able to keep the pair in a tight consolidation, after which buyers were able to form a rather powerful bullish impulse and restore the price of ether above the psychological level of 2000.00 USD.
If today large volumes of purchases continue to rise, then the pair will be able to recover to the area of the four-hour EMA55
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In the evening, the Ethereum price rebounded, returning to the upper border of the blue channel (1860.00 USD). This level was able to keep the pair in a tight consolidation, after which buyers were able to form a rather powerful bullish impulse and restore the price of ether above the psychological level of 2000.00 USD.
If today large volumes of purchases continue to rise, then the pair will be able to recover to the area of the four-hour EMA55
If you liked my idea, follow me for more.
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