MMBTtrader

ETHUSD price is receiving sell pressure of previous daily high

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BITSTAMP:ETHUSD   Ethereum
As we can see after breaking descending channel price started to pump hard and now is receiving the previous daily high and 4k resistance zone.

We can expect some local fall and correction here like the red arrow but also the market is extremely bullish and in the long-term we can expect new ATH like 5K too.

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