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2018-01-14

Ethereum Analysis


Ethereum faces stiff resistance around $1400 level, heavy sellers found in this area. If Ethereum manages to go above this level and sustains there we expect to go to the next target $1620.



On the other hands, any pullback will find support from the resistance line of the channel the circle drawn on the chart. This channel has supported the fall three times before. Additionally, Inside the channel 20-day EMA will provide good support level around $1050.

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