Ethereum () has run into a strong resistance and now declined sharply below the $270 mark. This has left a long wick to the upside as the daily candle has now retraced below the 1.272% Fib retracement level. The price is likely to close below this level as it has run into the top of the ascending channel it has been trading in. It would appear that /USD did actually profit a lot off the golden cross that most expected to be a bull trap. The price kept on rallying and pushed through critical resistance levels despite overbought conditions on…
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Ethereum (ETH) Crashes Below 0 As Price Runs Into Strong Resistance


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