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21.03.202323:01 Forex Analysis & Reviews: ETH/USD: upside continuation pattern

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ETH/USD is trading at 1,795 at the time of writing. It seems undecided in the short term but the bias remains bullish. Temporary retreats or sideways movements could bring new longs.

ETH/USD increased by 6.66% from today's low of 1,725 to today's high of 1,839. Over the last 24 hours, ETH/USD has been up by 0.57% and by 12.52% over the last 7 days.

ETH/USD to exit its rage soon?

In the short term, the altcoin is trapped between the 1,846 and 1,706 levels. The bias is bullish as long as it stays above the median line (ml).

The rate jumped above the 1,789 historical level signaling further growth ahead. Still, the 1,846 mark represents critical resistance.

ETH/USD forecast

A new higher high, a valid breakout through 1,846 activates an upside continuation and brings new long opportunities.

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