Rajarshi Mitra
Independent Analyst
- ETH/USD bulls remained in control for the second straight day.
- Confluence detector show one good support level at $248.
ETH/USD daily confluence detector
ETH/USD bulls remained in control of the market for the second straight day as it rose up from $248 to $249. ETH/USD daily confluence detector shows a lack of strong resistance on the upside. On the downside, healthy support lies at $248, which has the one-hour SMA 5, 4-hour Bollinger Band upper curve, one-day Fibonacci 38.2% retracement level and 15-min Bollinger Band.
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