Ethereum fell about 2.5% against the dollar in the early European trading session. The cryptocurrency rate has still bullish momentum since the swing failure on the daily periodicity.
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The rates testing sellers around the prior distribution's lower extreme on the hourly while it trades above the Quarterly VWAP structure with an upside slope. QDVWAP and QDVAL are the next lines of possible support which are confluent with VWAP close levels off the intra-day perspective.
Currently testing buyers around the QDVAH with the path of least resistance (POLR) to the downside as the market trades below the prior POC/VWAP close.
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