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ETH Facing Huge Decision Which Will Affect Its Short-term Future (Ethereum Price Analysis)

Despite a slow down of the recent bearish momentum, the bears still seem to control the market. In other words, bulls are reluctant to push the ETH price higher.
Technical Analysis
Technical Analysis By Grizzly
The Daily Chart
ETH is trading above the most important Fibonacci Retracement level on the daily timeframe – the 0.618 level.
Buyers have been defending this level for the past five days. However, the thick Ichimoku cloud has prevented ETH from breaking above the psychological resistance at $3000.
The blue rectangle, which represents the resistance range of $3000-$3300, is currenly the most critical resistance zone. If the bulls can breach above it, the buying pressure will probably be absorbed to continue the uptrend.
As it seems now, this scenario is complex because buyer takers have not yet started their greedy purchases. Macroeconomic conditions have caused a surge in fear levels and doubts in the financial markets. The steady increase of the DXY index has also led to the

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