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Ethereum Price Analysis: 200-day EMA Halts ETH Recovery At $3150; Hold Or Sell Now?

The symmetrical triangle breakout kick starts a new Ethereum(ETH) price recovery. The buyers have surged the altcoin by 12.5%, hitting the $3200 mark. However, the 200-day EMA prevents any further price rally, suggesting a minor pullback is needed before the bull run could continue. 
Key points: 

The ETH chart shows rejection at $3200 resistance.
The intraday trading volume in Ether is $9.11 Billion, indicating a 16.26% loss.

Source- Tradingview
The two-month consolidation phase in Ether price favored the bulls with a bullish breakout from the descending trendline of the symmetrical triangle. The post retest rally initiated a four consecutive green candle which pumped the altcoin by 11.26%.
The second-largest cryptocurrency traders at the $3144 mark displayed higher price rejection at 200-day EMA. If sellers revert the coin price from this EMA resistance, the minor pullback can find solid support of $3000. 
This dip opportunity could bring more long traders into the market, sugge

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We współpracy z: https://coingape.com/markets/ethereum-price-analysis-200-day-ema-halts-the-eth-recovery-at-3150-should-you-hold-or-sell-now/

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