Ether found support at 50 day moving average

ETHUSDT


Ether broke above the 20-day EMA on April 26 and 27 but failed to reach 2,000. The flattened 20-day EMA and the RSI near the midpoint indicate a possible range-bound action between 2,000 and 1,785 for a few days, which could be positive if it suggests the bulls are not rushing to book profits.

However, if the price falls below 1,785, the ETH/USDT pair could collapse to 1,663.

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