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As of this writing, ethereum is above $ 2,800 with a 50% gain from its lowest price on May 23 of approximately $ 1,850.
The daily chart shows three consecutive green candles, and more importantly, these three candles are breaking the last 3 red candles. This places us in a possible turnaround and allows the bulls to take over the market.
For now the MA 100 has been left behind and we are currently at the level of the MA 50.
At the same time, other currencies such as Cardano (ADA) or BNB are making similar movements.
ADA has made a progression from its low of $ 1.05 to the current 1.81, which represents an increase of around 73%.
For its part, BNB has made a movement from $ 214 to $ 378 at the present time, which represents a gain similar to cardano of about 73% in the last 3 days.
If the close of the day remains at these levels, we are facing a clear trend change that can take us to around $ 3,500 for ETH
