Ethereum is Breaking Free of a Multi-Year Trading Range as Bulls Take Charge

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Ethereum appears to be entering price discovery mode, with bulls taking full control of its price action as they sent the crypto flying It set fresh all-time highs overnight and is currently consolidating below the $1,600 resistance level that many analysts have been watching A break above here could confirm that it is currently in price discovery mode and allow for significantly further upside in the days and weeks ahead One trader is now highlighting the technical significance of the recent breakout rally, which allowed the cryptocurrency to break free from a multi-year trading range He expects this to lead to significantly further upside in the mid-term Ethereum has been caught within a strong uptrend throughout the past day, which came about due to its break above the key resistance in the mid-$1,400 level that had been hampering its growth previously. Bulls are now aiming to take full control of…

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