Ethereum price soared up to a day high of $712 on Tuesday before a downwards price correction attempt became evident pulling the price downwards to a day low of $596 on Wednesday. The market bulls failed to break through the resistance around $713.24, which corresponds to the 61.8% Fibonacci retracement. The upwards trend which has been evident since April 7th, bounced off this crucial resistance level. The price correction attempt is subsiding as ethereum price rose again above $600 during most of Wednesday’s trading sessions. Will ethereum price continue on dropping on Thursday? or shall we expect the market bulls
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