Ethereum Posts a Pristine Technical Breakout as Analysts Target $400+

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Ethereum’s price action has been closely correlated to that of Bitcoin, which has caused it to see a bout of consolidation It was able to post an incredibly strong move higher yesterday that allowed it to break its $380 resistance This level has been a pivotal one for Ethereum for the past several months, and the break above it holds serious technical significance That said, it is now imperative that the cryptocurrency stabilizes above this level, as a confirmation of it becoming support could be all that is needed for ETH to rocket higher The next crucial level that needs to be broken is $400, as this level has long been strong resistance Ethereum and the entire crypto market are trading sideways today, which comes as Bitcoin struggles to move past the resistance it faces at $11,600. This sideways trading is a positive thing for ETH, as the cryptocurrency is…

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