Ethereum testing the trend line on daily chart. If trend line will hold support BITSTAMP:ETHEUR could go for ATH, otherwise correction is going to take place and we should stay away till the market stabilizes. Then buy at lower level.
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Ethereum broke the trend line. Correction is in progress, lower support levels will be tested in next day, it's time to buy low.
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After falling down in recent hours, Ethereum is trying to find support on 0.618 fibonacci level.