Ethereum price ascending channel breakout possible if Bitcoin consolidates

In the past week, altcoins prices received a significant haircut, and investors who were light on Bitcoin (BTC) saw their portfolio value take a hit. 

Initially, Ether (ETH) price followed Bitcoin higher as the top-ranked digital asset rallied through the $12,000 resistance but as BTC continues to slowly push higher Ether struggled to flip $400 to support.

Crypto market weekly price chart. Source: Coin360

Ether’s loss of momentum and the correction in altcoins has led to a number of crypto…


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