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Ethereum Soars 20%: ETH Hype Escalates on ETF Rumors
Ethereum price formed a base and rallied above the $3,200 resistance zone. ETH ETF hopes increased with the recent SEC move. Trades took advantage of the recent move, resulting in a strong upward move above the $3,350 resistance zone. It outperformed Bitcoin and gained over 20%. There was a strong move above the $3,500 resistance zone. It traded to a new weekly high at $3,721 and is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $3,067 swing low to the $3,721 high. Ethereum is now trading above $3,600 and the 100-hourly Simple Moving Average. There is also a short-term ... (full story)