Ethereum: Price Analysis, July 13

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ETH/USD

We like Ethereum because it is trading above its April lows. This shows mild outperformance. If the bears fail to break below the June 29 low of $404.99 within the next couple of days, we anticipate a move to $500.

Once above $500, the digital currency should attract buyers, pushing the price towards $600, with a minor resistance at $550.




ETH/USD




If the bears drive the ETH/USD pair below $404.99 within the next couple of days, the drop can extend to $358.

We might recommend long positions on a breakout above $500.

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