Key resistance levels have been broken by Ethereum over the past few hours and they could catalyze markets into bigger move according to a leading industry figure.
Ethereum Breaks Barrier
ETH prices have reached a level not seen since late September 2019. It has seen the largest sustained move higher since last year’s rally began in April and the key $200 psychological barrier has finally been broken.
According to Tradingview.com Ethereum tapped $207 a few hours ago, its highest price for almost nineteen weeks. Over the past 24 hours ETH has made almost 9% as the bulls gather strength.
ETH prices 1 hour chart – Tradingview.com
Since the beginning of the year Ethereum has gained a whopping 58% outperforming bitcoin and XRP by a clear margin over the same period.
There have been huge gains in DeFi markets which are predominantly…
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