After experiencing some downward pressure yesterday, Ethereum (ETH) can post a decent climb today, which has allowed it to establish its current range within the $180 regions. This price action has been surprisingly similar to Bitcoin, and it seems that the two assets are currently strongly correlated.
A leading analyst now notes that he expects Ethereum to continue consolidating until Bitcoin runs. But any decisive breakdown on its close resistance would make it significantly more profitable in the short term.
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