ETHEREUM Update Today :
Ether's gains today appear further after testing the lower trendline of its prevailing descending channel pattern as support.
Interestingly, this support level is also near ETH's 0.5 Fibonacci retracement line at around $2,820 and its 200-day exponential moving average (200-day EMA; the blue wave) at around $2,725, showing traders see the support area as a good zone to buy Ether.
For instance, the trendline support aligns closely with ETH's 0.5 Fibonacci retracement line at around $2,820 and the 200-day exponential moving average (200-day EMA; the blue wave) at approximately $2,725.
These converging indicators suggest traders view this support zone as an attractive point to purchase Ether.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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