Key Takeaways
- Strong positive fundamentals support Ethereum bulls in the near-term.
- A technical break above the $420 resistance level confirms a continuation of last week’s bullish breakout.
- On-chain data analysis shows rising activity on the Ethereum blockchain.
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Ethereum has been consolidating for the last three trading days after buyers failed to break above key short-term resistance near the $420 level.
Now, on-chain analysis reveals that buyers are…
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