Here’s Why Ethereum Has the “Best TA Structure” in the Crypto Market

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Ethereum is currently in the process of breaking back above its crucial $380 resistance level This level has significant historical importance, as breaks above and below it have marked turning points for the cryptocurrency’s previous trends Whether or not the crypto can push higher in the near-term may depend somewhat on Bitcoin The benchmark crypto has been seeing a slight uptrend over the past day, but it remains below its $11,600 resistance One analyst is noting that ETH’s market structure is ultra-bullish He even notes that it is one of the “best TA structures” seen throughout the entire crypto market Ethereum has been slowly pushing up towards $380 again following its recent break below this level. For this level to catalyze an upswing, it must be both surmounted and confirmed as support. A rejection here, however, would be grave for its short-term trend. Where ETH trends next may depend largely…

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