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Ethereum: Is $260 on the way?

KRAKEN:ETHUSD   Ethereum
If yesterday the ETH quotes were trading in one direction with BTC; today, Ethereum is doing much better, its rate has increased by 3%.

On the 30 minute chart, the asset has been showing a steady growth since the May 20. The bullish trend is also noticed on the MACD indicator, as the coin is located in the ascending channel. In the long-term scenario ETH may reach $261; however, the likely forecast is the level of $253.78 (23.6%).

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