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Ethereum, MATIC, Uniswap Price Analysis: 8 December
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While the top 10 Cryptos were in red in the past 24 hours, Ethereum and Uniswap technicals flashed mixed signs. The overall momentum favored the sellers, while the bulls continued their steady near-term revival.
On the flip side, MATIC projected bullish near-term technicals as it endeavored to cross its ATH.
Ethereum (ETH)
Source: TradingView, ETH/USDT
The bears retested the lower channel (white) four times until ETH saw an up-channel breakdown. The downfall, however, was supported by its seven-week support at the $4,023-mark. After moving in an up-channel (yellow) for a brief period, the price action obliged the $4,770-resistance and saw a sharp pullback.
Although the recent bearish movement marked as a blip in its long-term bullish trend,
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