The Ethereum cryptocurrency has depreciated about 27.61% in value against the US Dollar since November 17. The decline was stopped by the monthly S2 at 136.23 on November 25.
The exchange rate made a U-turn north from the monthly S2 at 136.23 during this week's trading sessions.
Everything being equal, the ETH/USD pair will likely target the 180.00 mark within next week's sessions.
However, the 100– period simple moving average at 170.6 could prevent the exchange rate from gaining strength in the short-term future.
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