Ethereum Could Narrowly Avoid a Major Downtrend if it Closes Above One Key Level

ETH Looking bullish

Ethereum has been able to capture some notable upwards momentum today, surging towards its key near-term resistance at $210 as the aggregated crypto market pushes higher.

This has allowed the crypto to narrowly avoid seeing massive losses stemming from a previously bearish market structure that it had formed.

ETH isn’t completely out of the woods yet, however, as analysts are still noting that it needs to firmly claim and defend a position above $210 if it is to push any higher in the days and weeks ahead.

Ethereum Moves Higher Alongside Aggregated Crypto Market

At the time of writing, Ethereum is trading up just under 2% at its current price of $210.

This happens to be a key near-term level that the cryptocurrency needs to firmly surmount before its daily candle closes, or else it could be positioned to see further weakness in the days ahead. Read More

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When I came up with Ethereum, my first first thought was, 'Okay, this thing is too good to be true.' As it turned out, the core Ethereum idea was good - fundamentally, completely sound

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