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Ethereum support

Ethereum support: all reasons to stay bullish in a bearish market

Ethereum support is keeping Ethereum bullish in a bearish market as Bitcoin plunges to the $44,400 mark briefly. Bitcoin can keep the whole crypto market from falling if it maintains the $44,200 support zone.

Ethereum support

 

Ethereum has been rising at 70 degrees being extremely bullish in the last week and the ascend was stopped when Bitcoin’s nosedived to $44,400. Ethereum is out of the accumulation zone above $3270 and that’s where it has strong local support. To keep up the bullish momentum, Ethereum needs to respect this support to rise to the next target at $3,800. EMA 20 at the 4-hour chart is acting as local resistance to keep the Eth volatility in control and once it turns to support, Ethereum will resume its journey to the moon.

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About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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