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Ethereum Fails beyond $3K, Can Bulls Make it?

Source photo Unsplash.com

Ethereum tried a sustained rise over $3,000 in relation to the US Dollar. ETH’s price fell below $3,050 and began a downward correction.

Ethereum began a downward reversal after failing to break beyond $3,050.
The price is now trading above the $2,900 level and the 100 hourly simple moving average.
On the hourly chart of ETH/USD, a large contracting triangle is forming with resistance…

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