If the bulls buy the drop to $100, the ETH/USD pair will attempt to climb to $130.5, where it will face a stiff resistance from the declining 20-day EMA.

A pullback to $167.32 can be expected if the bulls sustain the price above $130.5. Though short-term traders can attempt to go long, positional traders should wait for a new buy setup to form before initiating any long positions.
ETHEthereum (Cryptocurrency)ETHUSDethusdshortTrend Analysis

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