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Wednesday

28 July 2021

TA: Why Ethereum (ETH) Topside Bias Vulnerable Unless It Surges Past $2K

TA: Why Ethereum (ETH) Topside Bias Vulnerable Unless It Surges Past $2K


smart summary beta

ETH price remains at a risk of a larger decline below the $1,800 support zone.

The 23.6% Fib retracement level of the recent decline from the $1,993 swing high to $1,866 low is also near $1,900.

The $1,920 resistance is close to the 50% Fib retracement level of the recent decline from the $1,993 swing high to $1,866 low.

If ether fails to stay above the $1,850 support, it could decline towards the $1,800 support.

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