In my previous post about ETHUSD (see below), I informed you that Ethereum was in a rising-wedge. Now, it has broken down as expected but did not reach the target at 3,220. Instead, it found support at the trendline which it has mostly held since its move from 1,715. As long as Bitcoin does not make another dump, Ethereum might now be cleared for some more upside movement. I would expect the next level of resistance to be between 3,331 and 3,400.
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