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Monday

25 January 2021

Ethereum (ETH) Needs To Clear $605 For Hopes of a Fresh Rally

Ethereum (ETH) Needs To Clear $605 For Hopes of a Fresh Rally


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There was also a break above the 50% Fib retracement level of the downside reaction from the $625 swing high to $561 swing low.

A successful break above the triangle resistance and $605 is must to start a strong increase.

The first major support zone sits near the $590 level and the triangle lower trend line.

A downside break below the triangle support might lead the price towards the $565 support and the 100 simple moving average (4-hours).

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