Ethereum Is in a Tight Range as It Is Prone to a Price Rebound or Breakout

Ethereum (ETH) is in a downward correction and fluctuating in a tight range below the moving averages. On May 30, bulls tried to break out above the 21-day line SMA but were rejected. The largest altcoin has declined and is forced to trade between $1,703 and $1,875.
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