ETH’s price shows the first sign of bounce after forming a bullish pattern as the price gets rejected into a descending range channel. ETH bounced off its downtrend movement as the price builds more momentum in a descending triangle with a breakout on either side open. The price of ETH continues in its range movement as the price gets rejected and trades below the 50 and 200 Exponential Moving Averages (EMA). The price of Ethereum (ETH) after its “Ethereum Merge” hasn’t been encouraging as the price has dropped far below the expectations of many. After rallying to a high ...
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