Ethereum finds strong resistance at $ 235. Important moment for this cryptocurrency.

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Ethereum today is trying to maintain a 38% fibonacci level that could break strong yesterday, unfortunately the pivot point is acting as strong resistance and has slowed the rise of the second most important cryptocurrency in the market.

Bitcoin is currently moving down so it could drag the price of cryptocurrencies with it. Undoubtedly, with ETH we are in a very fighting area, where we have an EMA crossing, fibonacci level and resistance at $ 235. If he manages to break the latter, he would be opening the way for another uptrend that will reach the price above $ 260 again.

Otherwise, ETH would be in serious trouble if we have another move at $ 216. This support could be lost and lower the price to levels below $ 200. We hope this does not happen and consolidate over the current price.



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