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Ether struggling above $2,800

02 Feb, 2022

Yesterday Ethereum (ETHUSD) did manage to make a move above the noted technical level at 2,798. The price lifted to as high as 2,814 and in the process of doing that it looks like it was little more than a stop hunting exercise, as there was no follow through and no extension to the price action. So far the second largest coin has balked at another attempt above 2,800 earlier today too. The high seen so far has been set at 2,805.95. The low so far has been set at 2,743.35. The current chart configuration is suggesting it might be topping out above 2,800 for the time being. ETHUSD is currently trading at 2,748
 

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