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Thursday

13 May 2021

TA: Ethereum Rally Extends Above $3,400, Why Dips Remain Attractive

TA: Ethereum Rally Extends Above $3,400, Why Dips Remain Attractive


smart summary beta

It traded to a new all-time high near $3,456 and it settled nicely above the 100 hourly simple moving average.

There was a break below the 50% Fib retracement level of the recent rally from the $3,088 swing low to $3,456 high.

The trend line is close to the 61.8% Fib retracement level of the recent rally from the $3,088 swing low to $3,456 high.

A clear upside break above the $3,400 level and could open the doors for a more upsides above the $3,456 high.

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