• Ethereum is approaching support at ₿0.0205. The next support lower is found at ₿0.019.
  • The price is following a long-term ascending support line.
  • Ethereum is possibly trading inside a short-term descending channel and has generated bullish divergence.
The Ethereum price is approaching a minor support level. While it could initiate a bounce if it gets there, it is more likely that it will decrease towards the long-term ascending support line. Ethereum has been decreasing rapidly since April 26, after reaching a high of ₿0.0206. Cryptocurrency trader @TraderX0X0 stated that after this decrease, the Ethereum price is close to reaching
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Valdrin Tahiri

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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