ETHUSD long view

After the price of ethereum fell below the $ 2,900 level yesterday, it consolidated very quickly and returned above $ 3,000 with a bullish impulse. This morning, ETH formed a new high this week at 3090 dollars, then we see consolidation in the range of 3040-3080 dollars. We can say that the price has stabilized above the moving average and that we are now expecting a new bullish impulse that would raise us to $ 3145, the previous high. At that point, we have some resistance because we have already been prevented from continuing on the bullish side. Breaking prices above would certainly boost bullish optimism about Ethereum’s price recovery. We need negative consolidation and a pullback below the $ 3,000 level for the bearish option. Such a move would lower us below the moving average, which would further increase the bearish pressure. Then we will probably drop to the previous support zone at $ 2,900.
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