Ethereum Could Correct Gains, Why Dips Remain Attractive Near $530
Ethereum started a strong surge above the $500 resistance against the US Dollar. ETH price traded as high as $562 and it is currently correcting gains.
ETH price traded to a new multi-month high near $562 against the US Dollar.The price is currently correcting lower below $550, but it is well above the 100 simple moving average (4-hours).There is a major bullish trend line forming with support near $495 on the 4-hours chart of ETH/USD (data feed via Kraken).The pair could correct lower, but dips are likely to remain attractive near $530 or $510.
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