22.11.202406:49 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Ethereum Cryptocurrency, Friday November 22, 2024.

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Although on the daily chart, the Crypto currency appears to be in an uptrend, but the appearance of the Fractal Bar gives an indication that in the next few days there is a potential for a weakening price on Ethereum as long as there is no further strengthening that leads Ethereum to break and close above the level of 3559.47, then Ethereum will weaken where the level of 2951.88 will be tested to be broken and close below it. If successful, Ethereum has the potential to continue its weakening to the level of 2781.74 and 2574.72 as the next target if the momentum and volatility support it.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

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