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ETH/USD: Momentum Builds After Bullish Breakout
Ethereum rallied rather significantly during the Thursday trading session as we have seen Bitcoin rally as well. This makes a certain amount of sense, because Ethereum has a long history of following Bitcoin wherever he goes. As I look at the chart, it’s easy to see that the $4000 level above the is going to be difficult to overcome. It’s a large, round, psychologically significant figure, and an area that previously has mattered anyway. We have been consolidating for a few weeks now, despite the fact that we did get a wicked dip about 2 weeks ago. All things being equal, it’s worth noting that the $3400 level ... (full story)
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