Ethereum Remains Strong So Long as It Defends One Critical Level

Ethereum Remains Strong So Long as It Defends One Critical Level


Ethereum and the entire cryptocurrency market are currently caught within a consolidation phase This has come about due to Bitcoin’s tight bout of trading between $11,400 and $11,600 ETH is trading above a critical level that it was previously struggling to surmount This is a bullish sign that indicates it may be well-positioned for a strong move higher in the near-term That being said, one analyst believes that ETH’s price could drift significantly lower while still maintaining its bullish market structure He believes $360 is a critical level

Bitcoin has been leading Ethereum and the rest of the crypto market to see a prolonged bout of sideways trading. This has done little to offer investors with insight into where the market may trend in the near-term.

ETH is still trading above $380, however, which is an incredibly bullish sign that indicates it may be well-poised to push higher.

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This level has long been pivotal for the crypto, and the

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