Ethereum is currently trading at $2,300 following a tremendous rally that has seen its price increase by 28.44% in the past week.
The world’s second-largest cryptocurrency is now lining up a test of the $2,600 level of resistance after closing above daily 50 exponential moving average for the first time since June 7.
Much of it will also depend on if Bitcoin can close a daily candle above the $40,400 level. This would confirm a bullish breakout on Bitcoin, which would result in a subsequent…
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