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Sunday

17 January 2021

How Ethereum Could Stage Rally To $600 If It Clears $550

How Ethereum Could Stage Rally To $600 If It Clears $550


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The price is now approaching a major resistance area near $550.

The 50% Fib retracement level of the downside correction from the $620 swing high to $480 swing low is also near the $550 level to act as a major resistance.

The 100 simple moving average (4-hours) is also near the $512 level to act as a major support.

A downside break below the $512 level and $500 might put ether at a risk of more losses below $480.

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