Ethereum has been closely following bitcoins pattern in breaking the upwards channel resistance. For Ethereum, it has bounced and retested the previous resistance hinting to a jump to 1700 being the next resistance. The next resistance that was used by ethereum's price action to bounce more than 4 times off of is a massive resistance that if broken and retested, we could see ethereum enter a huge rally. If it doesn't then we can expect huge rejection back down to 1500.
Keep an eye out for these decisive levels in the crypto market as these bitcoin and ethereum hold dominance over majority of the crypto market.
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