EthereumLong
ETH bulls are likely to book losses on breach to $2510
Ethereum prices have been trading sideways for 11 days since August 9, and when an asset struggles to move higher, it often tests support levels. On a breach to $2510, ETH could potentially fall to $2,412, and if this support level does not hold, the price could drop another $100 to reach $2,312.
However, if ETH stays above $2,510, the short-term uptrend remains intact. In this scenario, the price could potentially reach $2,674, followed by a move towards $2,751.
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However, if ETH stays above $2,510, the short-term uptrend remains intact. In this scenario, the price could potentially reach $2,674, followed by a move towards $2,751.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
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