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Ethereum dived towards the $1,700 level before it started a strong recovery against the US Dollar. ETH price is back above $2,000, but it is likely to face hurdles near $2,060.
Ethereum extended its decline below $1,800 before it started a steady recovery.
The price is still trading below $2,100 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance near $2,140 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is likely to face a...
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