Ethereum ETH Price Analysis

The buy levels for Ether was not triggered at $630 as we thought it would.

Instead, Ether has rejected the 20-day EMA and crossed the trendline support.

The price is trying to stay above the descending channel of the resistance line.

If it breaks and enters that channel again, the price of Ether may fall to $540.

The Ether to USD trading pair is struggling to break out of

the 50-day simple moving average.

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