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Ethereum Price Still On The Decline, Can Buyers Defend This Price Level?

Ethereum price tried to rise on its daily chart at the time of writing. Over the last 24 hours, ETH rose by 2%, price action continues to be mundane.

In the last week, the Ethereum price fell by 21%. Technical indicators pointed towards continued bearishness.

Buying strength declined substantially, which has pushed the price of Ethereum closer to its immediate support line.

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