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Technical Indicators Suggest ETH Is Ready To Make A Move

Published 01/02/2023, 09:48 PM
Updated 01/02/2023, 10:15 PM
© Reuters Technical Indicators Suggest ETH Is Ready To Make A Move
ETH/USD
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  • ETH is trying hard to put in a higher low.

  • The altcoin is currently trading at $1,215.70 after a 1.74% increase in price.

  • There is a risk of ETH dropping to the closest support level at $1,165.27.

A crypto trader and analyst took to Twitter on January 2 to share some of his thoughts on the price of the largest altcoin by market cap, Ethereum (ETH). According to the post, ETH is trying hard to put in a higher low on its 4-hour chart. The analyst also pointed out a breakout on ETH’s chart.

The analyst also added that he would not be surprised if ETH could reach as high as $1,260 or $1,270 in the coming days.

Ethereum / US Dollar 4h (Source: TradingView)

CoinMarketCap indicates that ETH is one of the crypto in the green for the day and it is currently trading at $1,215.70 after a 1.74% increase in price over the last 24 hours. The altcoin is still, however, down by 0.34% over the last week.

The post Technical Indicators Suggest ETH Is Ready To Make A Move appeared first on Coin Edition.

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