Ethereum Bulls Defend Key Support as Market Retraces; What to Watch For

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Ethereum has been caught in a wild bout of turbulence these past few days, primarily because of its recent breakout rally that allowed it to gain serious ground against Bitcoin The cryptocurrency has been able to flip the crucial $1,000 level into support, and bulls are in the process of defending it presently It is imperative that bulls can continue defending this level in the near-term, as any dip below it could lead to a wave of selling pressure One analyst spoke about this in a recent tweet, explaining that he believes the support at $1,000 and just below it will be enough to catalyze further upside He is targeting a move to the crypto’s range highs at $1,215 Ethereum and the entire cryptocurrency market has been caught within the throes of a powerful upswing throughout the past few days. ETH has been in the process of erasing its recent…

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