Ethereum Poised to Revisit Multi-Month Highs as Technical Strength Builds

Ethereum has been significantly underperforming Bitcoin in recent times. While the benchmark cryptocurrency is currently hovering around its multi-month highs, ETH is still trading significantly below where it was just over a week ago. This weakness against BTC is showing some tempered signs of degrading, however, as buyers were able to firmly defend the crypto’s key support that exists around $198. Analysts are now noting that Ethereum could be well-positioned to rally back up to its recent highs of over $230 as its technical strength grows.

Ethereum Inches Higher, But Continues Underperforming Bitcoin

At the time of writing, Ethereum is trading up just under 1% at its current price of $213, marking a slight decline from daily highs of $216. ETH has been able to post a decent recovery from its multi-day lows of roughly $200 that were set during a sharp selloff on Wednesday. Read More...

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