Can ETH get back to the $1,400 mark soon? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
The rate of Ethereum has declined by 4.50% over the last 24 hours.
However, on the hourly chart, the situation is different. The price has made a false breakout of the local support level at $1,284, showing buyers' pressure. If buyers can keep the rate above theOn the daily time frame, the price has bounced off the mirror level at $1,287 against the increased volume. However, it is too early to think about a fast recovery as Ethereum needs more time to accumulate power for a midterm rise.
On the bigger chart, there is also a false breakout of the mentioned level; however, the week has just started and everything can change by Saturday. However, if a slow rise to the $1,400 zone starts, bulls have the chance to seize the initiative.
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