ETHEREUM is currently undergoing a consolidation phase.
The price is stuck within a wide horizontal channel on the 4-hour timeframe.
ETH
3,442.53
+3.03%
We see a strong positive bullish reaction at its support level, leading to a bounce and the formation of a minor resistance.
The violation of this minor resistance indicates a change of character, suggesting a high probability of local buyer dominance.
Our target is at 4250 range resistance.
Trade at your own Risk ๐
Best Regards, Trade Cryptocurrency
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