Ethereum Price Technical Analysis – Change In Trend Likely

Ethereum Price Technical Analysis – Change In Trend Likely

Ethereum price tested $6.00 yesterday. Now, it looks like there is a high probability that the price may correct lower in the short term. Intraday Support Level can be $5.50. Intraday Resistance Level may be $6.00. Ethereum price climbed higher this week and traded close to our final buy target of $6.0. However, as I was anticipating sellers fought hard near the stated level, and pushed the price back down. The price is now trading 0.50 points lower, and testing a major bullish trend line formed on the hourly chart (data feed via Kraken). Looking at the last couple of candles it looks like....


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