The price of Ether (ETH) has surged past $730 for the first time since May 2018. Following ETH’s breakout, traders are becoming more optimistic in its short-term trajectory.
There are two major factors behind ETH’s strong rally: a strong technical market structure and the CME Ethereum futures listing in January 2021.
Ethereum continues to see the “higher high” pattern
In technical analysis, the higher high pattern often indicates strong momentum because it shows every new peak is higher…
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