It’s Make or Break for Ethereum Bulls as ETH Nears Critical Resistance

It’s Make or Break for Ethereum Bulls as ETH Nears Critical Resistance


Ethereum is flashing some signs of strength today as it inches higher while caught within a short-term consolidation phase.

This consolidation trend came about after the cryptocurrency rallied to highs of $380 before facing some heightened selling pressure that caused its price to retrace back down towards $360.

It is now trading squarely between these two levels, with buyers and sellers largely reaching an impasse as they both attempt to gain control over the cryptocurrency’s near-term outlook.

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This sideways trading bout has come about, in part, due to that seen by Bitcoin. The benchmark crypto rallied up to highs of $10,500 yesterday before facing some selling pressure that caused its price to slide down to $10,200.

Whether or not both Bitcoin and Ethereum are able to break above the upper boundaries of these trading ranges will have far-reaching implications for smaller altcoins.

One analyst is now noting that ETH’s outlook is growing stronger, which could mean that a sharp

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