Ethereum Is Cleared to Nearly Double In the Months Ahead: Analysts

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Ethereum has seen a strong bounce since the September lows near $310. The coin now trades for $455, though peaked at $465 a few days ago. Technical trends show that the cryptocurrency will likely continue its ascent in the months ahead. Analysts are specifically eyeing a move toward $800, as that’s where macro resistance lies. Ethereum Technical Trends Suggest Growth Toward $800 Possible Ethereum has seen a strong bounce since the September lows near $310. The price of the leading cryptocurrency recently peaked near $465, surging as a risk appetite has returned to global markets. Technical trends show that the cryptocurrency will likely continue its ascent in the months ahead. This comes in spite of widespread sentiment that ETH may be left on the sidelines as Bitcoin is expected to rocket to all-time highs. The sentiment goes that because the cryptocurrency turned the $400 region into support, it will act…

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