Ethereum Posts “Perfect Rejection” at Key Resistance as Traders Target $420

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Ethereum has been closely tracking Bitcoin and the aggregated crypto market throughout the past few days This allowed it to garner some strong momentum earlier this week, but has led it to see some notable downside throughout the past 24-hours BTC and ETH both faced strong rejections above their key resistance regions, which has struck a slight blow to their technical outlooks Analysts are now noting that although this rejection seems grim, it may be followed by further upside One trader is specifically looking towards a movement up towards $420 in the near-term, noting that there is just one key level Ethereum must first surmount Ethereum and the aggregated cryptocurrency market have faced some turbulence throughout the past 12 hours. Yesterday, bulls were in firm control of the market, pushing Bitcoin and Ethereum past the resistance levels that had been suppressing their price action for an extended period of time.…

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