ETH/USD tested area above $110.00 during early European hours. However, the coin failed to settle above the said psychological area and retreated towards $108.30 by the time of writing.
While the coin managed to clear several important technical levels, the upside looks unconvincing at this stage, as the growth was triggered by speculative factors and may be reversed soon.
However, if ETH/USD manages to settle above $110.00 handle, the technical picture will be improved.
ETH/USD daily confluence detector
ETH/USD daily confluence detector reveals numerous support areas below the current price:
On the upside, there are three resistance areas:
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The way to the downside packed with support levels.
ETH/USD tested area above $110.00 during early European hours. However, the coin failed […]
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