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XETUSD News

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Last Updated Date: 10 August 2021 @ 7:16 AM (UTC)
*Please note that all the dates are in GMT time zone

Driven by the tailwind of the London hard fork, Ether (ETHbroke above the $3,000 mark on Aug. 7. While the rally in the biggest altcoin is a positive sign, on-chain data shows the possibility of profit-booking in the short term.

The market is showing a short term upturn with the rally attacking the 3465 retracement resistance. A close over 3465 alerts for a larger emerging bull drive to 3954. Any corrective dips will likely stabilize within Friday’s accelerating upturn range, holding off the 2868 area. Only a close under 2868 signals a reversal of the upturn.
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