Technical analysis Ethereum. ETH-USD on July 09, 2018

July 10, 2018

Ethereum is demonstrating the possibility of uptrend movement continuation. We are getting closer to the important resistance level (500 level), if we break it we will test 540 pric point with the furether movement to 600. If the market doesn’t manage to consolidate above 500 (above the downtrend level), the price can go dow again to test the long-term support as a uptrend line with a possible bounce and another try to go up.

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