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Full credit for this video to NewsBTC who listed the data on this video on an article on their web site: https://www.newsbtc.com/?s=Ethereum%20%28ETH%29%20Price%20Grinding%20Higher%3A%20Fresh%20Rise%20Above%20%24265%20Likely
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Transcript:
0:00:00 Ethereum (ETH) Price Grinding Higher: Fresh Rise Above $265 Likely
0:00:06 This replace is dropped at you by “CoinCheckup News Updates” and was initially printed on “NewsBTC”.
0:00:12 ETH value is slowly shifting increased and it’s at present holding the $250 assist towards the US Dollar.
0:00:18 The value is prone to acquire tempo above the $265 and $270 resistance ranges within the close to time period.
0:00:26 Yesterday’s highlighted ascending channel is unbroken with assist close to $252 on the hourly chart of ETH/USD.
0:00:34 Ethereum value is buying and selling with a optimistic bias above the $250 assist versus the US Dollar, however consolidating vs bitcoin.
0:00:42 ETH may proceed to rise so long as the $250 assist is unbroken.
0:00:47 In the previous few periods, Ethereum value slowly moved increased from the $239 swing low towards the US Dollar.
0:00:55 The ETH/USD pair broke the $245 resistance stage and settled above 100 hourly easy shifting common.
0:01:02 The current rise was optimistic as there was a break above the 50% Fibonacci retracement stage of the final decline from the $265 excessive to $239 low.
0:01:13 The value even broke the $255 resistance space and tagged the $263 stage.
0:01:20 There was a spiked above the 76.4% Fibonacci retracement stage of the final decline from the $265 excessive to $239 low.
0:01:30 The value traded near the final swing excessive close to $265 and it’s at present shifting decrease.
0:01:37 On the draw back, there’s a robust assist close to the $252 and $250 ranges.
0:01:43 Moreover, yesterday’s highlighted ascending channel is unbroken with assist close to $252 on the hourly chart of ETH/USD.
0:01:51 Below the channel assist, the $250 stage and the 100 hourly SMA are essential helps.
0:01:58 If there’s a draw back break beneath $250, the worth may transfer right into a bearish zone.
0:02:03 Conversely, if there may be an upside break above the $265 swing excessive, the worth may proceed shifting increased.
0:02:10 The subsequent cease might be $270. It represents the 1.236 Fibonacci extension stage of the final decline from the $265 excessive to $239 low.
0:02:23 The principal resistance above the $270 stage is close to the $280 stage.
0:02:28 Thanks for checking this video! If you wanna learn the entire article you possibly can go to CoinCheckup.com or go to: “NewsBTC”, who initially printed this information replace on their web site.
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