ETH/USD Forecast: Continues to Trace the 50-Day EMA

The ETH/USD has gone back and forth during the trading session on Tuesday as we continue to trace the 50 Day EMA. The 50 Day EMA is an indicator that a lot of people pay attention to, so it’s not overly surprising to see that the market is just simply hanging around this area. Furthermore, the $1600 level is an area that has been important more than once, so it’s not overly surprising that we are hanging around.

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