Analysts Fear Ethereum Has Topped After $470 Resistance Is Tapped Twice

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Ethereum has actually seen quite a tepid bout of price action despite Bitcoin pressing to new year-to-date highs. While the coin is up 1.3% in the past day, it is still a handful of percent below local highs. Analysts are fearful that Ethereum could face a stronger pullback in the days ahead as it fails to pass key resistances. One trader suggested that the coin could drop to $380-390 as it failed to pass the summer highs of $470-490. ETH dropping to $380-390 from the current price of $465 would mark a correction of at least 16.5%. Bitcoin does not need to drop in tandem with Ethereum. Ethereum Could Suffer a Retracement as Key Resistance Is Tagged… Twice Ethereum has actually seen quite a tepid bout of price action despite Bitcoin pressing to new year-to-date highs. ETH currently trades up 1.3% in the past 24 hours, though it remains a…

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