Ethereum (ETH) In Corrective Increase But Downtrend Intact

Ethereum is currently correcting higher from the $132 low against the US Dollar. Bitcoin price is also recovering and it is now trading above the $7,000 level. Yesterday’s major bearish trend line was breached with resistance near $145 on the hourly chart of ETH/USD (data feed via Kraken). The price is likely to correct further

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Author: toutiao