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Ethereum Miners Earn Most of All Time

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday morning, September 18th, the ETH is trying to grow, trading near the resistance level at 386 USD. On D1, ETH/USD stopped correcting and keeps developing an uptrend. The price is currently testing 23.6% Fibo. A breakaway of the level will mean further growth to 500 USD. Conversely, a bounce off 23.6% will signal another correction. The MACD histogram is below zero, and the signal lines have formed a Black Cross. Judging by all the factors, we may suppose that the pair will soon correct slightly to the target level of 38.2%...

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ETH/USD Falls Sharply to 348.85 Support: Sally Ho's Technical Analysis 21 September 2020 ETH

Ethereum (ETH/USD) weakened sharply early in today’s North American session as the pair depreciated to the 348.25 area after trading as high as the 376.76 area during the Asian session, just above the 61.8% retracement of the recent depreciation from 390.41 to 353.72.  Some larger Stops were elected below the 366.31 area during the move lower in the European session, a level that represents the 38.2% retracement of the recent depreciating range from 384.61 to 355.00.  Some upside pressure finally emerged just below the 348.85 level during the North American session, an area that represents the 23.6% retracement of a...

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ETH/USD Seeking Inspiration in Sideways Trading: Sally Ho's Technical Analysis 20 September 2020 ETH

Ethereum (ETH/USD) sought market direction early in today’s North American session as the pair appreciated to the 381.08 area after trading as low as the 377.91 area during the European session, right around the 50% retracement of the recent depreciation from 384.61 to 371.38.  Traders are observing that the 50-hour and 100-hour simple moving averages are converging, and that ETH/USD has recently been trading between or near these indicators.  Likewise, the 200-bar 4-hourly simple moving average and the 50-bar 4-hourly simple moving average are converging, and ETH/USD has recently been trading between these indicators.  Stops were recently elected above the...

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399.87 Staring at ETH/USD Bulls: Sally Ho's Technical Analysis 19 September 2020 ETH

Ethereum (ETH/USD) gave back some gains early in today’s North American session as the pair depreciated to the 383.83 area after trading as high as the 388.43 area during the European session.  Traders had earlier lifted the pair to the 386.48 area during the Asian session before selling pressure knocked ETH/USD lower to the 377.20 area during the European session.  Stops were elected above the 387.15 area during the move higher, representing the 61.8% retracement of the recent depreciating range from 394.55 to 375.19, and the next upside retracement level in this range is the 389.98 area.  Traders recently took...

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ETH/USD Eyeing 400 Again, But First...: Sally Ho's Technical Analysis 18 September 2020 ETH

Ethereum (ETH/USD) sought to reclaim some lost ground early in today’s North American session as the pair appreciated to the 386.98 area after trading as low as the 382.19 area during the Asian session, just above the 381.75 area that represents the 76.4% retracement of the recent depreciating range from 390.41 to 353.72.  Traders took the pair as high as the 394.55 area during the Asian session, and selling pressure prevented a test of the 399.87 area, representing the 50% retracement of the recent depreciating range from 488.95 to 310.79.  The next upside retracement levels in this range include the...

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