Ethereum (ETH) has successfully defended its ascending channel and now resumed its uptrend. The above hourly chart for ETH/USD shows that Ethereum (ETH) touched the bottom of the ascending channel and bounced back before closing the hourly candle. The next candle visible on the chart is now a green one which is a strong indicator that Ethereum (ETH) has now resumed its uptrend. The price plunged hard the in the past 24 hours after Ethereum (ETH) formed a double top around the $ 247.81 level.
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