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 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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