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Ethereum Fights to Hold on to Support
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- The closest resistance and support areas for Ethereum are found at ₿0.0255 and ₿0.023.
- The price is following a short-term ascending support line.
- ETH/USD is trading inside the $217 support area and following a long-term ascending support line.
The Ethereum/Bitcoin pair has been decreasing since reaching a high on May 30. The failure to break out above a significant resistance area and subsequent decline suggest that the price might have begun a correction. ETH/USD, however, has yet to break down from its long-term confluence of support levels. ETH Trading Range The Ethereum price reached a local high of ₿0.0255 on May 30
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