Ethereum (ETH) remains range bound as ETH/USD fails to break the 21 EMA resistance on the daily time frame. The price started trading between $ 324 and $ 250 since August and has yet to break out. EMA alignment for the above chart shows that a breakout is imminent and the price is likely to begin a new rally from here. Wave trend analysis for the above chart also shows that the price could begin another rally at this point but the chances of it breaking past the 200 EMA are very low.
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