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Ethereum has seen an impressive bounce from its low of $881.56, reaching a high of 1158.62 for a 31% move up. Is this a bull trap?? That being said, Ethereum has yet to show convincing signs of a reversal, given that the important resistance at $1282 is not yet broken and we are still in a downtrend on the daily time frame.
ETH/BTC has been stabilizing over the past 7 days directly below the important support of 0.0553, now turned resistance. It will be a good sign if ETH/BTC can break above this resistance but the ball is still in the court of the bears at the moment. What are the most important resistance and support levels right now?
02:49 Ethereum Price Prediction
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