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Welcome to this ETH/USDT update. ETH is trading inside a descending broadening pattern and currently got rejected from the upper trending of the wedge.

Now, there is an important support for ETH is around $2900-$3000 so we might get a bounce from there. Also, there is an important support of 21 MA. If ETH breaks out this wedge then it can go to 4K

If ETH breaks below the support of $2900-$3000 then the next support is $2600

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Chart PatternsEthereum (Cryptocurrency)ETHUSDTTechnical IndicatorsTrend Analysis

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