Ethereum Struggles to Hold $450, But Analysts Still Expect $500+

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It has been a turbulent morning for the crypto market, with Bitcoin trending down towards $15,000 while creating headwinds for altcoins That being said, Ethereum has largely been able to dodge these headwinds, posting a strong recovery from its brief early-morning dip towards lows of $440 It is once again moving to reclaim its $450 resistance, and flipping this level into support is vital for the cryptocurrency to see any significant upwards momentum One trader is now noting that the cryptocurrency is incredibly strong across multiple timeframes This indicates, in his eyes, that it is only a matter of time before the crypto sees a strong move up towards $500 Ethereum has been struggling to flip $450 into support following its massive surge seen yesterday. The cryptocurrency briefly broke above this level yesterday afternoon, but the selling pressure here was intense, and Bitcoin’s decline today forced it below this level.…

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