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Ethereum Price Prediction: ETH Failed to Break Above the 21-week Moving Average, Will the Next …

Ethereum Price Prediction: ETH Failed to Break Above the 21-week Moving Average, Will the Next Attempt Be Successful?

A look at the Ethereum Weekly logarithmic chart shows that the price made a temporary bottom at $80 inside the minor support area, before starting an upward move. However, once reaching the minor resistance is at $160, it was rejected and formed a hammer candle (yellow arrow), which when found on uptrends usually indicates a reversal.