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Ethereum is “Ready to Explode” Despite Nearing a Key Resistance Level

www.newsbtc.com

Analysts are now noting that the crypto could be positioned to see an explosive movement past this resistance, with a clean break above potentially allowing it to see some significant upside. This latest rally has also pushed ETH up towards its resistance around $140, and George – a popular crypto trader – explained that he believes the cryptocurrency is positioned to see an explosive movement past this resistance.

While looking at the above chart, it does appear that Ethereum is caught within a large trading range between $125 and $145, and which of these levels breaks first should offer analysts with significant insight into which direction it will trend in the mid-term. As for how high an upside break could lead Ethereum, Josh Olszewicz – a popular crypto analyst – recently noted that he is closely watching ETH’s descending volume and Bollinger Bands for insight into its technical strength.

Read in Full: www.newsbtc.com
Bitcoin ETH
$ 3569.74

Timeline of Ethereum

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Bitcoin Bitcoin
70343.6000 0.10%
Ethereum Ethereum
3569.76000 -0.02%
BNB BNB
611.128000 3.90%
Solana Solana
186.360000 0.00%
XRP XRP
0.61795300 -0.07%