Ethereum Price Technical Analysis – Risk of Bounce Grows

Ethereum Price Technical Analysis – Risk of Bounce Grows

Ethereum price surged higher and broke a major resistance area. Buying dips in the short term may be considered eyeing a test of $10.40. Ethereum price ETH managed to break a range pattern vs the US Dollar and popped higher. During the upside move ETH/USD managed to break a couple of important barriers, including a bearish trend line on the hourly chart (data feed via Kraken). The most important move was above the 100 hourly simple moving average, which is a signal that the ETH bulls are in control at present. The price almost tested the $10.0 handle, and currently consolidating gains. I....


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