Ethereum Price Analysis – ETH Back Up

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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The ETH price is rising again on May 24 after taking a pause for correction. Buterin’s crypto is currently trading at around $247.66. On H4, the Ether is forming a triangle, with the correction having reached 38.20% Fibo. What is going to happen next depends on which triangle boundary is going to get broken out. If this is the support at $233.57, the ETH may fall to 50% ($213.40) and then 61.80% ($197.60); conversely, if the crypto breaks out the resistance at $256.60, it may further rise to the high of $279.90 and

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