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May 25, 2022 1:35 PM

ETHUSD still in range 1900-2100 

Ethereum / U.S. dollarBitstamp

Description

The price of Ethereum is in a similar situation. She failed to stay above $ 2,000 this morning. We saw another withdrawal, and the price stopped at $ 1930. Bearish pressure seems to be getting stronger and could bring us down to $ 1,900 on another test. Then there could be a break below, which would lower the price to support $ 1,800. For the bullish option, we need a new price jump above $ 2,000. After that, we would again try to endanger the upper zone of resistance with bullish consolidation. A price break above would form a new higher high, which would be a sign of a price recovery and a potential continuation on the bullish side. Potential targets above are $ 2,200, then $ 2,300 levels.
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