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ETH: Bullish Case Still Stands

Long
KRAKEN:ETHUSD   Ethereum / U.S. Dollar
Ethereum (ETH/USD) might be consolidating more due to other coins showing their strength in the alt coin market. We may be seeing a small correction to 400 levels, but otherwise, we most definitely can be seeing a consolidation at these levels between the shown support and resistance lines on the chart above.

With that being said, we believe Ethereum might be in another consolidation phase, as long as Bitcoin can range from current levels around the 11-12K levels.

Trade Safe.

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Comments

Pretty simple and interesting, thanks for sharing
Spare some time to provide a valuable feedback on my analysis.
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@Mudrex, Thanks. Will do.
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