of June, ETH/USD was trading near the 988.00 mark and dark skies loomed over the cryptocurrency. of July, ETH/USD found its value stumbling below 1000.00 again, this after hitting a high of nearly 1277.00 on the 7, ETH/USD has managed to produce a technically positive chart. Well, that is if you throw out the results seen recently on the 26thSpeculators have seemingly woken up regarding ETH/USD, as it has seen a sustained upwards move the past two weeks.
And traders also need to consider the negative and potential the move upwards is merely sucking speculators into long positions, which are allowing others who have been holding ETH/USD an opportunity to get out of the market alive and without devastating losses. However, if ETH/USD does start to slide backwards, support levels near the 1400.00 should be watched.
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