Ethereum price continues to build up the uptrend structure confidently. There has been a significant increase in demand around $200. This allowed the price to stay after the breakdown of the key level at the $220 area.
An upward trend from $176 will continue until its structure is broken. Breaking it would mean that the advantage is with the bears. At the moment, it might take place at around $210. If a large buyer keeps his positions at this trend, then after a pullback to this zone, we’ll see a rebound and the growth will continue. Otherwise, Ethereum price will form a downward turn.
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