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Ether still holding inside 3000 to 3200 range

20 Jan, 2022

Yesterday morning Ethereum (ETHUSD) dropped to as low as 3,048. Clearly the noted support level around 3,050 managed to cap that downside move. It then rebounded back above 3,150 as BTC lifted back above 42k. The move higher in Ether extended to as high as 3,158 just ahead of the 4pm London FX fix. However, and as the US stock markets later tanked, it fell back to around 3,085. The price did drop a little lower earlier today, reaching 3,083, but since then it has been on the rebound once again, reaching 3,148 just a few moments ago. The immediate price range seems to still be covered by 3,000 to 3,200, but beyond that are hurdles in place around 3,400. The downside supports remain at 3050, 3,000 and 2,930. ETHUSD is currently trading at 3,144
 

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