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$ETH Analysis Saturday, April 16, 2022

BYBIT:ETHUSDT   ETHUSDT SPOT
ETH breakdown horizontal support, which is currently acting as resistance, it is also trading below EMA200 resistance, but still, it is above Ichimoku clouds, indicating that ETH is still in a bullish trend.

Here a short-term downward movement is expected, while a successful breakout of the marked resistance, would confirm its bullish trend.

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