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ETH/USD 09.06.2017

ETH/USD Chart

The $200 resistance zone appeared to be great. We saw new highs and the ETH/USD pair has seen a decent decrease in volatility in recent days.

Currently, there are three possible scenarios. In the order of probability:

  • $250 is a strong support zone. It will be a good entry point, with goals of $280 and higher.
  • A continuing decrease in volatility and the formation of a $240-$260 channel.
  • The correction and formation of a $220 support zone, or downgrade to a more global level of $200.

The most likely turn of events is the formation of new highs (reasons: global uptrend, news, which might change the picture).

Also, mind that on the market with such a super growth there are no short positions. Look for entry points with longs and always use stops. And follow Ethereum news updates.

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