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Wednesday, May 3, 2023

HelenP. I Ethereum may leave wedge and continue to rise

HelenP. I Ethereum may leave wedge and continue to rise

Ethereum / U.S. dollar BITSTAMP:ETHUSD

Hi folks today I'm prepared for you ETHEREUM analytics. Ethereum has been moving in an uptrend for a long time. The price entered the range and after a while tried to break through support, but could not gain a fixed below, continued to rise and exit the range. Ethereum reached resistance at the level 1945 and, after a slight correction, continued to grow and broke through it. The price reached, level 2145 and formed a resistance zone, which was re-tested, and started a local downtrend. Ethereum declined and broke through current support at level 1945 and fell to level 1805. Recently, the price rebounded to the trendline and dropped to support, which it re-tested and started to rise. The price is currently trading close to the trend line and may continue to rise and break through it. It seems to me that the price may continue the local uptrend, so the target for Ethereum will be set at level 1945. If you like my analytics you may support me with your like/comment ❤️

from TradingView Ideas

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