Ethereum (ETH) Holds Key Support But Bearish Setup Remains Intact

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Ethereum (ETH) declines to a key support against Bitcoin (BTC) and so far it has successfully held that support. The weekly chart shows that ETH/BTC completed its correction when the price declined to the 1.618% fib extension level. The price is now expected to rise towards the 1.272% fib extension level from here but this does not mean that the price is out of the woods just yet. All it means is that Ethereum (ETH) could test the top of this descending channel once again just like it did the last time. In order for us to turn bullish on…
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Ethereum (ETH) Holds Key Support But Bearish Setup Remains Intact

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