Ethereum Price Technical Analysis – Downside Thrust Likely
Ethereum price moved down as forecasted to create a new low. It looks like one more push down is possible as long as the trend line resistance holds. Ethereum price ETH continued to struggle and my view of it moving down further paid well. I think it’s time to book profits if you are trading conservative. For aggressive traders, I suggest to move the stop to break even and wait for a final downside thrust. There is a high probability of ETH/USD moving down further, and testing the $8.20-10 support area where buyers may appear. On the upside, yesterday’s highlighted bearish trend line on....
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