RATE Group | Ethereum and Stellar’s Lumen Daily Tech Analysis – 07/11/19
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Ethereum and Stellar’s Lumen Daily Tech Analysis – 07/11/19

07 Nov Ethereum and Stellar’s Lumen Daily Tech Analysis – 07/11/19

Posted at 08:05h in Ethereum News by

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Ethereum

Ethereum rose by 1.23% on Wednesday. Following on from a by 1.41% gain on Tuesday, Ethereum ended the day at $191.13.

A bullish start to the day saw Ethereum rally from an early morning intraday low $187.87 to a mid-morning intraday high $194.6.

Steering clear of the major support levels, Ethereum broke through the first major resistance level at $193.65 before easing back.

Ethereum fell back to sub-$190 levels and into the red before finding late support from the broader market. A late recovery saw Ethereum break back through to $191 levels to close out the day in the green.

The extended bearish trend, formed at late April 2018’s swing hi $828.97, remained firmly intact. A reversal from June’s current year high $364.49 back through the 23.6% FIB of $257 reaffirmed the extended bearish trend.

At the time of writing, Ethereum was down by 0.83% to $189.55. A mixed start to the day saw Ethereum rise to an early morning high $192.27 before sliding to a low $189.09.

Ethereum left…

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