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ETH Still Neutral Between Two Zones

Written By: ChartChamp

June 7, 2024

ETH has been trading between the yellow and light blue zones since May 21st. The price has remained at $3,800 for the past few days, and ETH is still waiting for a Bitcoin breakout above $73.2k to start a rally. When the spot Bitcoin ETFs were approved there was a strong selloff. We are not seeing a selloff for ETH, which is a good sign that investors are holding for higher prices. I think there will be some more upside in June and July, but ETH needs to break through the light blue zone above $4,050.

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