- Ethereum price seems to have held the selling pressure as it attempts to bounce off $1,280.
- If the ongoing bullish momentum holds, ETH might sweep the equal highs at $1,343 before retracing to the $1,270 level.
- A daily candlestick close below $1,220 will invalidate the bullish theiss for ETH.
Ethereum price is bouncing off the immediate support level and shows signs of a quick rally. This outlook is a little risky for traders since a failure to maintain this
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