The ETH market is finding some buying interest and momentum is trying to build strength for the bulls. There are some obstacles along the way before this market breaks out. The red trend line, the 50% and the 61.8% Fibonacci retracement levels all should act as resistance. Internal momentum with an increasing ADX needs to continue as price approaches these resistance points to signal a break out. Otherwise, this market remains a hold with a drop back toward lows is likely.
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