Ethereum May Incur Large Drop if Bulls are Unable to Defend $210
Ethereum’s massive upwards momentum has faltered after its bulls were unable to decisively support ETH above the $220 price level, and its inability to extend its upwards momentum likely stems in part from Bitcoin’s drop to its key support level of $10,000.
Analysts are now noting that Ethereum is nearing a critical support level, and an inability for ETH to hold above this level could open the gates for further losses, while providing traders a great shorting opportunity.
Ethereum D
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