Ethereum’s Swift Rally Shows Weakness After Failing to Reach $350

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In Brief
  • -The Ethereum price is trading inside a short-term symmetrical triangle.

  • -There is support at $307 and $285.

  • -ETH/BTC has completed an evening star pattern.

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The Ethereum (ETH) price has broken out from a long-term resistance line, indicating that it has begun a bullish trend. However, the upward move is showing considerable weakness. A short-term retracement could occur before the price resumes its upward move. Ethereum's Breakout Ends Long-Term Correction On July 6, the Ethereum price broke out from a descending resistance line that had
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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