Ethereum’s Technical Outlook Strengthens as Market-Wide Recovery Begins

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Ethereum has been closely tracking Bitcoin’s price action throughout the past few days and weeks, which has led it to see some immense turbulence as of late Just two days ago, the benchmark cryptocurrency faced a rejection at its all-time highs that resulted in it reeling from $19,500 to $16,400 This selloff was the most intense one seen since this uptrend first got started a handful of weeks ago Where it trends next will depend almost entirely on whether or not bulls can extend the ongoing rebound One analyst does believe that Ethereum is in a position to rally higher in the near-term, as it is now looking strong from a technical perspective Ethereum and the entire crypto market have witnessed some of the most intense turbulence seen in weeks over the past couple of days. Bitcoin’s rejection at its all-time highs, coupled with fear regarding a new wave of…

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