Ethereum’s “Resilience” Suggests That a Massive Move Higher is Brewing

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Bitcoin has been guiding the entire market higher, which has provided a tailwind for Ethereum that has lifted it higher as well The cryptocurrency is now pushing towards its high time frame resistance zone between $380 and $400 How it responds to this level – should it be tested in the near-term – will offer insights into its outlook One analyst is noting that ETH is showing some positive signs of resilience following its recent dip below a key technical level This is particularly clear while looking towards its BTC trading pair Ethereum has been closely following in the steps of Bitcoin and the aggregated crypto market. This correlation has proven to be positive today, as BTC is pushing towards $11,000 as most other altcoins also move higher. Where ETH trends next may depend largely on how the benchmark cryptocurrency responds to the resistance between $11,000 and $11,200. A rejection…

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