ETH retraces further

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ETH retraces further
Ethereum / Dollar BITFINEX:ETHUSD
jhuntman

Watchin the hourly ETH/USD as it falls into a fairly unsupported zone. Bears in control at $490.

$501 USD has served as a solid ceiling as it was tested numerous times today

Below $490 is looking like an overall dangerous zone support wise

You can see the 3 black arrows marking a fairly unsupported 14% gap down to $410-$420 and was a former support heading to $415

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