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Thursday

22 April 2021

TA: Ethereum Holds Strong Above $2K, Why Rally Isn’t Over Yet

TA: Ethereum Holds Strong Above $2K, Why Rally Isn’t Over Yet


smart summary beta

It broke the $2,050 support level, but the bulls were active near the $2,000 zone.

On the downside, there is a major support forming near the $2,000 level and the 100 hourly SMA.

As long as there is no downside break below $2,000, ether is likely to start a fresh increase above the $2,100 level.

If Ethereum fails to stay above the $2,000 support and the 100 hourly SMA, there is a risk of a downside break.

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