Ethereum broke out, making new relative highs, before retracing back to its value area at the psychological and technical level of $2600. We retraced to $2556 and found good support at this level. If that can't hold, we should have support at $2545 and $2400, both of which would be great areas to accumulate a position. We have a clear bull trend at this point, so any retracements should be considered buying opportunities.
Comment:
New relative highs reached!! Ethereum getting a lift from the London hard fork! Let's see if it can make it to $2800!!
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