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2018-01-11

Ethereum Analysis


Ethereum saw some correction today. It bounced back from the upper line of the channel which will act as a support line now if it can't hold the price Ethereum will rally to $1000 level then to 20-day EMA at $940 which is also 50 percent Fibonacci retracement. 



On the other hand, if the ascending channel line holds the price we expect to resume the uptrend.

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