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  • Writer's pictureTLivingstonBlog

Ethereum Finds Support At The 200-Day Moving Average

Ethereum has continued to find support at the 200-day moving average this year. I initially bought Ethereum in late June as it bounced off the 200-day moving average, and I added to my position this week as it once again found support at this key level. I initiated a pyramid buy around $3,380, but was knocked out of this add-on in September. Consequently, I wanted to wait to see support come in before I added back into my position. In addition, Ethereum's weekly chart looks really good and a breakout on volume above $4,000 opens the possibility of a major move higher. That's a level I will be watching closely in the coming weeks for another buying opportunity.

Risk right. Sit tight.


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Full Disclosure: I currently own Ethereum and Bitcoin.

Full Disclosure: This post contains affiliate links to Gemini and Coinbase. Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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