Ethereum Price Weekly Analysis: Defies Gravity, Looks to Trade Higher
Ethereum price showing a few positive signs. If there is a break above the $4.40-50 level, then a move towards $6.00 is possible. Major Support Level is $4.10. Major Resistance Level may be $4.50. Ethereum price moved down by more than 25% recently and dived towards the $3.20-30 support area. The price has recovered and also moved above the 100 simple moving average (H4 chart, Kraken), which is a positive sign for buyers in the short term. It looks like buyers may attempt to take the price higher in the near term. However, there are many barriers on the upside waiting for them. The first....
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Bitcoin price is slowly recovering from the $10,387 low against the US Dollar. BTC broke the $10,650 resistance and it might soon test the $10,800 resistance or the $10,900 barrier. Bitcoin started a fresh upward move above the $10,550 and $10,650 resistance levels. The price is up 2%, and it is trading above the $10,700 […]
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