Ethereum has remained in a more bullish formation despite delivering a double top on the daily chart. The $286 level remains a key area of resistance for Ethereum following two rejections in the past seven days. However, despite sliding all the way down to $237, it hasn’t closed a daily candle below the $258 level of support. This exemplifies the strength and optimism surrounding Ethereum at the moment, which has been bolstered by its outstanding 106% rally since the turn of the year. It is also trading above all key moving average which demonstrates that momentum from a short-term perspective is certainly on the up. The daily 50 EMA also crossed the 200 EMA to the upside on February 10

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Ethereum (COIN:ETHUSD)
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Ethereum (COIN:ETHUSD)
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