After a decent run up on previous day, Ethereum is seems to be checking a nerves of traders today. After yesterday close of $245.98, today it open at $241.06 went down to $232 taken support there( see blue horizontal line in chart below) went up to $243.69 and now trading at $241.04.
Today dip was good buying opportunity for traders as they could have buy therewith stop loss near $229 and target of near to yesterday high. In up trending market, this strategy works very well. Ethereum is still trading in Rising Channel which is also a good point for investor community.
As I said yesterday update of Ethereum (https://steemit.com/ethereum/@jimmyrai28/ethereum-update-04-06-2017-no-rest-on-weekend-making-new-highs) that because of upward momentum it can hit a $260 plus level in few days. But possibility of sharp down move is also keep on rising each day. It can be a shakeup or real correction that time will tell that, until then enjoy the up move in this script.
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