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cc: u/pay2post-ethtrader
Topic: ETH Trading
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@Davin
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If it drops more my wife might leave me too
!tip 1
We might need a crystal ball for this and not just technical analysis
!tip 1
If it drops that would be the right time to buy more to be honest
!tip 1
StevenMiller said:
If it drops that would be the right time to buy more to be honest
!tip 1
If it’s below my average that would be great
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I don’t think so
!tip 1
In short Ethereum hit the 100-day moving average at $2.7K and got rejected, showing a bull trap with sellers in control. After a small rise, ETH dropped by 12%, going below the 100-day moving average. The price is now around $2.5K and might go down to the $2.1K support level. The rejection at $2.7K was due to institutional traders taking advantage of liquidity, causing a drop. Ethereum could continue to fall with $2.4K as a short-term support and $2.1K as a possible target.
*This summary is created by a bot and should not replace reading the full article. Always do your own research.
I really hope we don’t drop that low but I’ll be ready to buy if it happens
!tip 1
I can’t handle the pain anymore
Can we at least just have a sideways market then
!!tip 1!<
We can’t be too sure. ETH seems to do whatever it wants and often surprises us
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The ETH Foundation keeps selling off on us
!tip 1