CryptoComes

Ethereum: Can the $160 zone be finally achieved?

KRAKEN:ETHUSD   Ethereum
In terms of Ethereum, reaching the $160 level has happened according to our yesterday prediction.
Besides the total market growth, ETH has its own reasons for price rise. One of such causes is the released update for the desktop Opera browser, which now has a crypto wallet for tokens of the standard ERC20 and ERC721.

It is crucial to hold the $160 support level for ETH, in other case, a drop below $150 is likely to occur.
If bulls manage have enough efforts, they will push the price up to $168, however, then a rollback to $165 may happen. Such a situation is possible in short-term scenario which is outlined on the hourly chart.

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