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Ether extends short term upside break

12 Jan, 2022

Earlier today it was observed here on the quick news; that Ethereum (ETHUSD) had set in place an interim double top at just above $3,260. At the time of that update the price was falling back close to 3,200, but the low at that time of 3,208 was not surpassed. Since then it has been on the rebound again and not that long ago it did rise above both those highs. That has allowed for some update extension which is not at all unusual when such formations are taken out. The price has now lifted to as high as 3,294 a short while ago. It is down from there right now, but the price action is rapid and fluid. That is not unusual for Ether either. All the while the price holds above 3,260 there might be room for more short term upside. ETHUSD is currently trading at 3,282
 

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