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4K holds firm for Ether in Christmas weekend trade

27 Dec, 2021

As with its lead peer, Ethereum (ETHUSD) also never sleeps and that meant it too was trading on Christmas Day, for anyone who cared to take notice. The second largest coin rose to as high as 4,139 matching, and just surpassing a high seen late on Christmas Eve, at 4,136. However, as with BTC, it also fell back yesterday, dropping to as low as 4,008. Understandably that 4k level clearly provided enough support and buying interest to halt another drop back below it. The price has rebounded again today, but not yet to test that interim double top that was just mentioned. The high set earlier today was at 4,095. So, we could have a clearly defined range parameter in place now, with 4,000 to 4,140 essentially covering that, until the next breakout occurs. ETHUSD is just now trading at 4,067
 

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