Possibility of fake breaking the uptrend line!



11/6/20221 min read

Ethereum regained its range the other day, and its price has entered a correction wave in a short-term uptrend, as expected. After reacting to the $1,670 range, Ethereum's price has recorded this price decline slowly. Ethereum's first support is at $1,600, and the next support in the case of a deeper correction is in the $1,530-$1,555 range. We expect a stronger positive reaction from the second support. Therefore, there is a possibility of fake breaking the uptrend line support.

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