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10 May 2021

TA: Ethereum Corrects Gains, Here’s What Could Trigger Fresh Rally

TA: Ethereum Corrects Gains, Here’s What Could Trigger Fresh Rally


smart summary beta

Ethereum extended its rally and it traded to a new all-time high above $3,520 against the US Dollar.

There was a break above the 50% Fib retracement level of the recent decline from the $3,437 high to $3,211 low.

A successful break above the triangle resistance and $3,380 could start a fresh rally.

If there is a downside break below the triangle trend line, the price might even trade below $3,200.

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