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Wednesday

23 June 2021

TA: Ethereum Recovery Hits Roadblock, Why Close Above 100 SMA Is Important

TA: Ethereum Recovery Hits Roadblock, Why Close Above 100 SMA Is Important


smart summary beta

There was a break above the 50% Fib retracement level of the of the key decline drop from the $2,850 swing high to $2,310 low.

The price even spiked above the $2,600 level and the 100 hourly simple moving average.

On the upside, the price must settle above the $2,600 level and the 100 hourly SMA.

A clear upside break above $2,600 and $2,650 could start a strong increase in the near term.

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