Ethereum Testing the 50 SMA: Here is the Next Target

The rebound from the $1,505 June low has now returned Ethereum to the exact zone where its last weeks of trouble began. Price is working through a confluence at $1,805: the horizontal shelf that rejected the late-June recovery attempt and the descending 50-day SMA have converged into almost a single band. Holding above it after the initial push would be the first successful retest of the 50-day since the average turned lower in May.

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