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FX.co ★ Ethereum remains in a bullish trend.

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Crypto Analysis:::2023-04-13T13:12:23

Ethereum remains in a bullish trend.

Ethereum remains in a bullish trend.

Red line - Fibonacci extension target

Ethereum is trading above $2,000 and is challenging the $2,034 price level, where we find the 100% Fibonacci extension target. Recently we got a break out above key short-term resistance at $1,825-$1,855. Since then, price continues making higher highs and higher lows. Previous resistance is now support. A back test towards $1,850-30 is possible but so far we have not seen any reversal signal. Price has potential to move higher, the RSI has not reached overbought levels yet

Analyst InstaForex
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