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Full credit for this video to NewsBTC who listed the information on this video on an article on their web site: https://www.newsbtc.com/?s=Ethereum%20%28ETH%29%20Price%20Following%20Rising%20Channel%3A%20Targets%20%24270%2C%20%24280
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Transcript:
0:00:00 Ethereum (ETH) Price Following Rising Channel: Targets $270, $280
0:00:07 This replace is dropped at you by “CoinCheckup News Updates” and was initially revealed on “NewsBTC”.
0:00:13 ETH worth is buying and selling properly above the $245, $240 and $232 help ranges in opposition to the US Dollar.
0:00:22 The worth not too long ago examined the $265 degree and corrected decrease to check the $240 help.
0:00:29 There is a brand new rising channel forming with help close to $245 on the hourly chart of ETH/USD.
0:00:36 The pair stays nicely supported on the draw back close to the $245 degree and the 100 hourly easy transferring common.
0:00:43 Ethereum worth is following bullish path above $245 versus the US Dollar, however struggling vs bitcoin.
0:00:51 ETH is more likely to climb in the direction of $270 or $280 so long as it’s buying and selling above the $240 help.
0:00:59 Yesterday, we noticed a draw back correction in Ethereum worth from the $265 swing excessive in opposition to the US Dollar.
0:01:07 The ETH/USD pair declined under the $250 help degree and examined the $240 help.
0:01:14 There was a minor spike under the 100 hourly easy transferring common, however the pair bounced again above $242.
0:01:21 Recently, there was a gradual restoration above the $250 degree and the 50% Fibonacci retracement degree of the final draw back from the $265 excessive to $240 swing low.
0:01:33 The worth even traded above the $255 degree, nevertheless it appears to be going through a robust resistance close to the $257-258 space.
0:01:43 Besides, the 61.8% Fibonacci retracement degree of the final draw back from the $265 excessive to $240 swing low is performing as a stable resistance.
0:01:55 If there may be an upside break above the $257-258 resistance zone, the value is more likely to climb in the direction of the $265 swing excessive.
0:02:05 Any additional positive factors might push the value in the direction of the $270 or $280 resistance space.
0:02:12 On the draw back, there are numerous helps close to the $245, $240 and $232 ranges.
0:02:20 Thanks for checking this video! If you wanna learn the entire article you may go to CoinCheckup.com or go to: “NewsBTC”, who initially revealed this information replace on their web site.
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