Ethereum Price Technical Analysis – ETH/USD to Break $480 Soon?

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Summary

Major Support Level – $460 Major Resistance Level – $480   Charts courtesy – SimpleFX Ethereum Price Support There was a minor correction wave initiated from the $482.89 swing high in ETH price against the US Dollar. The price remains in an uptrend and it might soon attempt an upside break above $480-482. There was a break above a contracting triangle with resistance at $457 on the hourly chart of ETH/USD (data feed via SimpleFX). ETH/USD would soon attempt an upside break above $482 in the near term.

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Key Highlights

ETH price recently corrected lower and found support near $448 against the US Dollar. There was a break above a contracting triangle with resistance at $457 on the hourly chart of ETH/USD (data feed via SimpleFX). The price remains in an uptrend and it might soon attempt an upside break above $480-482.

Ethereum price is once again moving higher against the US Dollar and Bitcoin. ETH/USD would soon attempt an upside break above $482 in the near term.

Ethereum Price Support

There was a minor correction wave initiated from the $482.89 swing high in ETH price against the US Dollar. The price moved below the $475 support and traded below the 23.6% Fib retracement level of the last wave from the $358.17 low to $482.89 high. However, the downside move was limited as the $450-488 support area came into the picture and prevented...

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