$ETH Analysis Saturday, April 16, 2022

ETHUSDT Perpetual Contract BYBIT:ETHUSDT

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ETH breakdown horizontal support, which is currently acting as resistance, it is also trading below EMA200 resistance, but still, it is above Ichimoku clouds , indicating that ETH is still in a bullish trend .

Here a short-term downward movement is expected, while a successful breakout of the marked resistance, would confirm its bullish trend .

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