- Ethereum price attempts to break out above the declining trend line connecting the wicks of lower highs formed since November 10.
- The resurgence of buying pressure could propel ETH to the $1,350 and $1,422 hurdles.
- A four-hour candlestick close below $1,210 will create a lower low and invalidate the bullish thesis for ETH.
Ethereum price shows a slight surge in buying pressure, which has pushed it above one of the two immediate hurdles. A continuation of this momentum could lead to a…
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