Ethereum Greets $470

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Ethereum has risen by about 20% from $400 to a brief $470 with it seemingly hanging out at $460. The second biggest crypto has now gained a market cap above $50 billion, with its ratio recovering somewhat after plunging last month. The question of course is what it will do now with $470 being a big resistance line for ethereum. The current price level was fairly big resistance when eth rose in 2017, sidewaying here for some days. It was then very big support on the way down in 2018, giving a dead cat bounce and then demanding much sideway until it let off to the very bottom. So if this resistance line falls, the road may well be clear all the way to $800, but what may well be more important to see is if it holds. Sideways here would be the best news since the genesis block, and…

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