It’s “Hard to be Bearish” on Ethereum as Key Supports Hold: Analyst


Ethereum has dropped lower over the past 24 hours after peaking just shy of $400. The cryptocurrency currently trades at $382 and is down a mere 0.5% in the past 24 hours. Despite the drop from the local highs, analysts remain bullish on the asset. One analyst says that he finds it hard “not to be bullish” as $360-370 holds. $360-370 has acted as an important horizontal level for the coin over recent weeks. Namely, it marked the highs of two key rallies in late September, which resulted in reversals towards $330. Ethereum Set to Continue Higher, Analysts Say Ethereum has slipped lower over the past few hours from its local highs around $395. The coin currently trades for $382, not too far from those highs but still down by a few percent. Despite this rejection just shy of the pivotal $400 resistance, analysts remain optimistic. One crypto-asset trader recently…

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