On the daily chart, bears have seized the initiative in the long-term perspective. Against the low trading volume, the rate declined which confirms our statement about the trend change. The next crucial support level which bears is going to break is $219. It is unlikely that they will overcome it from the first time as it is a so-called mirror level. Respectively, one might see a similar bounce off that is happening now when Ethereum (ETH) comes closer to $219.
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