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If in the next few days there is no significant strengthening, especially if it breaks through and closes above the level of 2549.05 on the daily chart of the Ethereum cryptocurrency, then this is a sign that Ethereum will continue its weakening to the level of 1753.97 and if this level is successfully broken and closes below it, Ethereum will continue its weakening again to the level of 1659.83 and if the volatility and momentum of the weakening support it, then 1538.50 will be the next target to be aimed for where all of this has been confirmed by the movement of the Ethereum price which is moving below the EMA 34 which also has a decreasing slope and the appearance of Divergence between the movement of the Ethereum price and the Stochastic Oscillator indicator.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
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