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Ether Price Analysis: Market Indecision Could Cause Short Covering Rally

Ether Price Analysis: Market Indecision Could Cause Short Covering Rally

When we last discussed the ETH-USD pair, the price was testing support in the mid $200 range. Since then, the market has dropped another 30% as ether tests the waters in the upper $190 range: Figure 1: ETH-USD, 1-Day Candles, Macro Trend The volume on the current drop has been exceptionally high compared to the beginning of its descent from the $800s.

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