April was a bloody month for crypto, and especially for Ethereum. The ETH price fell from its month’s highest level at $3580 to $2700 last night. Can we expect May to perform better?
Technical Analysis
Technical Analysis By Grizzly
The Daily Chart
The following chart shows perpetuals’ exchange data from FTX. ETH is trading on top of the marked long-term ascending line (in green).
This trend line has provided support to the price since January 2021, based on the previous…
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