Ethereum Holds Crucial Support, Retests $1,700 Resistance
Submitted by Anonymous (not verified) on Thu, 02/25/2021 - 13:11Yesterday, Ethereum bulls were retesting the $1,700 high to break above it.
Yesterday, Ethereum bulls were retesting the $1,700 high to break above it.
Following the recent breakdown, the XRP price corrected upward but the uptrend was repelled at the $0.50 high.
Bitcoin Cash has pulled above the $500 support and attempts to resume an upward move.
Yesterday, Bitcoin rebounded above the $45,000 support and rallied above the $50,000 high.
Litecoin plunged to $155 low after the bulls were unable to sustain above the $240 high. Initially, the altcoin fell to $180 low and pulled back.
Yesterday, Ripple retested the overhead resistance at $0.65 but failed to break above the recent high.
As cryptocurrency prices skyrocket, the profits for miners grow proportionally.
Ethereum (Ether, ETH) declines after buyers fail to convincingly break the $2,000 overhead resistance.
Over the past 48 hours, Bitcoin’s price has been fluctuating between $55,000 and $58,000.
2021 started bullishly for major cryptocurrencies that soared in price.
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