Ethereum Rejects at High Time Frame Resistance as Analysts Target $280

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Ethereum’s price has been closely tracking that of Bitcoin over the past few days and weeks This has led the cryptocurrency’s bulls and bears to reach an impasse, as both sides have been unable to spark any sustainable trend Where the market trends next will likely depend on BTC, as the cryptocurrency is currently trading between two critical levels One analyst is noting that Ethereum was rejected at a high time frame resistance level yesterday The firm rejection here could cause it to see further downside in the days, weeks, and even months ahead He even believes it may dive as low as $280 before it can garner any strong support Bitcoin, Ethereum, and the aggregated cryptocurrency market have struggled to find any strong momentum in either direction throughout the past few days and weeks. Both buyers and sellers have attempted to take control of the market’s near-term trend, but…

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