On the 4 hour chart, ethereum is now declining. It is moving above the Moving Average but the Stochastic Oscillator is already above the Overbought level. It may test the 447.36 level which acts as Resistance Become Support (RBS) level at 447.36. This scenario is likely to come true if it does not rise and close above the 485.00 level.
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The material has been provided by InstaForex Company - www.instaforex.com
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