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Ethereum Price Analysis: ETH Price Drops Below The 50% Retracement Level, Is $2900 Next?

source-logo  coingape.com 09 January 2022 19:52, UTC

During the recent blood bath, ETH price lost some significant support levels, like 200-EMA, $3600 psychological level, price pattern support. Today ETH price showed a sharp dip which breached the 0.5 Fibonacci retracement level, indicating the extending correction phase.

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