The Ethereum price has steadily increased since its March 13th bottom. It has also risen much faster than BTC creating bullish momentum in the corresponding ETH/BTC price. However, ETH/BTC is quickly approaching a crucial resistance area. Well-known trader @PostyXBT outlined an Ethereum chart that shows the price approaching an important resistance level from March. He stated that he
Ethereum Breaks Out Above Resistance, Targeting $280
Ethereum is facing strong resistance at ₿0.026.
The price has broken out from a short-term descending resistance line.
ETH/USD has broken out above two important resistance levels and is approaching the next one at $285
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