A few days have passed calmly since our past Ethereum analysis. As we can see on the daily timeframe, the price started to slow down, volumes are falling and all this is happening near the lower trend line of the black wedge. Starting from 17 July, each subsequent local minimum becomes less dangerous and sharp. The situation looks like a gradual decline in the falling trend.
However, we think that without a price range test of USD 155-160, a strong trend of buyers’ movement will not begin. The [...]
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Janet Garcia is IGN's associate guides editor. Follow her on Twitter @Gameonysus.
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