- Ethereum price action offered bulls a solid entry point this week with the monthly pivot and the 55-day SMA.
- ETH price was capped by profit-taking around the monthly R1 resistance level and a medium-term red descending trend line on the topside.
- Bulls are building up momentum for the break higher with possible new all-time highs next week.
Ethereum price action saw bulls flocking it at $3.250, around the 55-day Simple Moving Average (SMA) and the monthly pivot,…
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