Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Ethereum [ETH] registered a double-digit loss over the last ten days after an expected pulldown from its supply zone and up-channel. The subsequent decline below the EMA ribbons has now created a relatively conducive […]
The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.a double-digit loss over the last ten days after an expected pulldown from its supply zone and up-channel. The subsequent decline below the EMA ribbons has now created a relatively conducive environment for the sellers.
The recent rebound from the $1,242-support induced a buying comeback, but faced recovery barriers near the $1,337-ceiling. A potential close above this ceiling could open gateways for a well-needed recovery in the coming sessions.
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