- Ethereum price is retesting the $2,608 to $2,812 daily demand zone, hoping for a reversal.
- A bounce off this barrier is likely to revisit the lower limit of the daily supply zone, ranging from $3,188 to $3,393.
- A daily candlestick close below $2608 will invalidate the short-term bullish thesis.
Ethereum price faced rejection from a stiff resistance barrier twice, resulting in a double-digit correction. The resulting downswing is currently bouncing off a stable…
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