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The Ethereum chart is sounding the alarm! Has a dip been recorded in the leading altcoin?
Cryptocurrency News – If we evaluate the overall outlook on the price of Ethereum, the price of ETH currently shows significant similarity to the exchange and moves under bare market conditions. However, we have reached the support that currently sits around 1,440 to 1,500 dollars, and we are making upward moves from the price range that we have been emphasizing for months.
If Bitcoin and the exchange make some relaxation movements, we may see a short-term relief in the ETH price in the coming days or weeks because we have bounced off a major support, but it does not necessarily mean reversing or ending the naked market.
Just as we see short-term pullbacks in bull markets, we can also experience relaxations in bear markets. Additionally, when we take a look at the Ethereum price over a 3-day time frame, we see that we have bounced off the support at 1,500 dollars. On the upside, there is a significant resistance area below 1,900 dollars. If these levels are maintained, the Ethereum price seems to be on track for a volatile movement.
The information contained in the article is for informational purposes only. It does not constitute any investment advice. The author and kriptoparahaber.com are not responsible for any profit or loss resulting from your investments. Ultimately, investing is based on many foundations such as information, knowledge, experience, research, and personal decisions.
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