Ethereum (ETH) has successfully defended its $ 250 support without giving in to market panic. As most coins fell significantly, Ethereum (ETH) held its ground at this strong demand zone. The price rebounded strongly off the $ 250 level and ha now formed three consecutive green candles on the ETH/USD daily chart above. The price has currently broken past the $ 300 mark and is now expected to rise further. It faces a near term resistance at the 50 EMA which has been a strong resistance since June.
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