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Ethereum - $230 Top or New Bull Run ?

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Using the Fib Retracement tool on the Ethereum charts gives us a good perspective on the meaning price points and reactions.

In the following representation , we have a slow breakout scenario with a market finding continuous support and weak bearish energies.
Currently we are support by the previous trending resistance line and finding heavy resistance at $230 which seems to be our next target if the support line won't break.

$230 is also 0.236 pattern line with meaningful previous movements and radical activity.

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