ETH: Bullish Case Still Stands

Ethereum (ETH/USD) might be consolidating more due to other coins showing their strength in the alt coin market. We may be seeing a small correction to 400 levels, but otherwise, we most definitely can be seeing a consolidation at these levels between the shown support and resistance lines on the chart above.

With that being said, we believe Ethereum might be in another consolidation phase, as long as Bitcoin can range from current levels around the 11-12K levels.

Trade Safe.

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