Ethereum Bulls Defend Critical Support; Will Its Strength Last?

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Ethereum has been facing intense selling pressure throughout the past few days which has caused its price to shed a good portion of its recent gains This selling pressure first came about after it incurred explosive momentum that sent its price surging up to highs of nearly $450 last week The crypto ultimately fell to the sub-$400 region yesterday, but this dip was quickly absorbed by aggressive buying pressure that helped it climb higher Analysts are now noting that its ability to defend its support following this dip indicates that upside may be imminent Ethereum has been facing intense bearishness throughout the past couple of days, with its recent decline even front running that seen by Bitcoin and the rest of the market. This weakness ultimately led it to dip as low as $398, but these lows were only tapped briefly, as buyers rapidly stepped up and helped it surge…

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