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Are The Bulls Going To Be Able To Defend The Support At $217 And Rebound?

  • Ethereum has now dropped by a total of 18% over the past 7-days of trading.

  • The cryptocurrency has found some form of support at the $212 level as it attempts to stabilise and rebound.

Are The Bulls Going To Be Able To Defend The Support At $217 And Rebound?

Ethereum has dropped by a steep 18% over the past 7-days of trading after it rolled over from resistance at $280 from the start of last week. The cryptocurrency continued to drop further lower until finding some recent support at a downside 1.414 Fib Extension level at around $217 and has allowed the buyers to start the battle to try and push higher.


Ethereum remains ranked in the second position as it presently holds a total market cap value of around $24.2 billion.


Ethereum Price Analysis


ETH/USD – Daily CHART – SHORT TERM

Are The Bulls Going To Be Able To Defend The Support At $217 And Rebound?

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