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Price analysis 10/10: ETH
Ether is struggling to rise above the 20-day EMA ($1,351). This suggests that the bears are selling on rallies and will try to sink the price to the strong support at $1,220. The gradually downsloping 20-day EMA and the relative strength index (RSI) in the negative territory indicate an advantage to bears. If the price slips below $1,220, the selling could intensify and the ETH/USDT pair may drop to the support line of the descending channel pattern. The bulls will have to push and sustain the price above the channel to signal a potential trend change. Source - Coin Telegraph #ethereum
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