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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%20Resumes%20Upside%3A%20Can%20Bulls%20Break%20%24280%3F
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Transcript:
0:00:00 Ethereum (ETH) Price Resumes Upside: Can Bulls Break $280?
0:00:05 This replace is dropped at you by “CoinCheckup News Updates” and was initially printed on “NewsBTC”.
0:00:11 ETH value began a stable upward transfer after testing the $258 help space towards the US Dollar.
0:00:18 The value reversed most its losses, however it’s nonetheless struggling to clear the $280 resistance space.
0:00:24 There is a brand new connecting bullish pattern line forming with help close to $262 on the hourly chart of ETH/USD.
0:00:32 The pair should break the $280 barrier to begin a contemporary enhance in direction of the $300 and $305 ranges.
0:00:40 Ethereum value is exhibiting optimistic indicators after the current reversal versus the US Dollar, however consolidating vs bitcoin.
0:00:47 ETH value is as soon as once more buying and selling close to the important thing $280 resistance space.
0:00:52 Recently, there was a significant draw back correction in Ethereum value under the $270 and $265 helps towards the US Dollar.
0:01:01 The ETH/USD pair even spiked under the $260 help and the 100 hourly easy shifting common.
0:01:08 However, the $258 stage acted as a robust help and guarded losses.
0:01:14 As a end result, there was a pointy upward transfer above $260 and $265. The value reversed most its beneficial properties and broke the 61.8% Fibonacci retracement stage of the final decline from the $276 excessive to $258 low.
0:01:31 The value is at present buying and selling effectively above the $265 stage and the 100 hourly easy shifting common.
0:01:38 It even climbed above the 76.4% Fibonacci retracement stage of the final decline from the $276 excessive to $258 low.
0:01:49 However, the $276 and $280 resistance ranges are nonetheless performing as a stable boundaries for the bulls.
0:01:56 If there may be an upside break above the $274 and $276 ranges, the value might begin a robust upward transfer.
0:02:05 On the draw back, an preliminary help is close to the $268 stage.
0:02:10 There can also be a brand new connecting bullish pattern line forming with help close to $262 on the hourly chart of ETH/USD.
0:02:17 Therefore, if there’s a draw back correction, the value is more likely to discover bids close to $265 or $262. If there are additional losses, the value may revisit the $258 help space within the close to time period.
0:02:32 Thanks for testing this video! If you wanna learn the entire article you may go to CoinCheckup.com or go to: “NewsBTC”, who initially printed this information replace on their web site.
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