Ethereum continues with its lock-step trading after struggling to sustain action above $1,800. The 50 Simple Moving Average (SMA) on the 4-hour chart has helped keep the pioneer altcoin afloat. At the time of writing, Ether is dancing at $1,798 but is likely to step past $1,800 in the short-term.
On the downside, the 61.8% Fibonacci retracement level has ensured that Ethereum averts further breakdown. In other words, robust support has been established at $1,720
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