It’s a Critical Moment for Ethereum Following Latest Rejection at $400
bitcoinist.com
Ethereum and the aggregated cryptocurrency market are struggling to maintain the momentum that drove them higher over the past few weeks. It now appears that Ethereum is reaching a do-or-die level as it trades below $400 – this is especially clear while looking towards its BTC trading pair.
Ethereum’s bulls and bears have been engaged in an intense battle over the past week for control of $400. Ethereum remains connected to Bitcoin, so for it to see a sustained break above its near-term resistance, it is imperative that BTC also pushes higher.
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