Can ETH keep trading in the bullish zone despite today's correction? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
On the hourly chart, the rate is about to close below the local support level at $1,328. If buyers fail to seize the initiative, the accumulated energy might be enough for a continued correction to the critical zone of $1,300.
On the bigger time frame, the price has made a false breakout of yesterday's peak at $1,345 against high trading volume. If the closure happens near the $1,320 mark with no long wicks, the fall is likely to continue to the $1,310 zone.
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