Here’s the Key Level Ethereum Needs to Claim for Bulls to Take Control

Here’s the Key Level Ethereum Needs to Claim for Bulls to Take Control


Ethereum has rebounded from its overnight lows, but it’s slightly underperforming the benchmark cryptocurrency at the moment Bitcoin is now plowing past $35,000, with bulls picking up steam as they look to reverse the recent downtrend There’s a strong possibility that the market’s next trend will depend largely on whether or not BTC can navigate towards $40,000 without seeing a strong rejection This could set the tone for where major altcoins like Ethereum trend as well, as they have generally been tracking Bitcoin’s overall price action as of late One trader is noting that Ethereum is showing some signs of strength at the moment, but he is also noting that $1,140 is a key level for it to close above

Ethereum has seen some mixed price action as of late, with buyers and sellers unable to grasp firm control over its trend as it trades within the lower-$1,000 region.

The selling pressure it has faced as of

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