Ethereum to See Brutal Rejection as Bearish Trendline Test Approaches

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Ethereum caught some notable upwards momentum earlier today that has led it up towards the $180 region This momentum has led it towards a key descending trendline that could spark a brutal rejection ETH also faces some intense horizontal resistance just a hair above its current price Ethereum and the aggregated cryptocurrency market is currently caught within a firm upswing that has allowed Bitcoin to surmount $7,000 while ETH and most of its other peers all post notable gains. This newly found momentum comes close on the heels of a bout of weakness seen by virtually all major cryptocurrencies and could lead to another retest of their previously formed resistance levels. One factor that could force Ethereum to see a dire price decline is a strong descending trendline that it is about to test, which closely coincides with a strong horizontal resistance region. Ethereum Approaches Heavy Resistance as Analysts Watch…

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