TA: Ethereum Rally Takes Breather But Dips Remain Attractive
Ethereum extended its rally above the $1,550 resistance against the US Dollar. ETH is correcting gains but dips might find bids near $1,460. Ethereum gained bullish momentum and even surpassed the $1,550 resistance. The price is now trading above $1,500 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to gain pace if there is a clear move above the $1,600 zone. Ethereum Price Extended Rally Ethereum gained pace after there was a clear move above the....
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