Ethereum Faces Crucial Decision for Its Bullish Trend

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In Brief
  • Ethereum has dropped all the way to an ascending support line that has been in place since the March 13 bottom.

  • Since May 2, it has been following a horizontal resistance line.

  • The ETH/BTC pair could increase all the way to ₿0.225.

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Yesterday's decrease has caused Ethereum to drop all the way to an ascending support line that has been in place since the March 13 bottom. Whether the price breaks down below it or initiates a bounce from the current price level will determine if the upward trend for ETH will continue. Double Top When looking at the daily chart, we can see that Ethereum has possibly created an Eve
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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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