thetradinghall
Long

ETH is retracing deeply

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
ETH is cooling down with quite a deep pull back. Nevertheless the outlook stay positive with higher levels ahead.
The 178-184 zone proved to be difficult to break without a pause in the rise. The current sideways, once over, shall give path to a new leg up. Expect this pull back to hold 150-155. Trading below is not a sell signal but more a warning.
Generally speaking,the token doesn't show a strong momentum and is lagging its competitors with a contained rise.

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