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Ether just about resists the temptation

27 May, 2022

Following on from an earlier update, the price of Ether came very close to taking out the previous 2022 low at 1705. The low seen was set at 1712. It has now rebounded back above 1790 in recent trading. So, it got very close to capitulating, but it seems like someone slammed the door on that. As to whether there will be another attempt on that 1700 downside level today is not certain, but it is a level that will surely continue to be watched closely, by all those players with open interest in either direction. ETHUSD is currently trading at 1779

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