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Ethereum Rally Could Be In The Near Future, If It Can Hold Above $460

Emily Mason

Summary: Ethereum has been underperforming Bitcoin in recent weeks as BTC reaches yearly highs. Yesterday after Bitcoin briefly dropped below $16,000 traders sold off ETH until the currency dipped down to $440. Bitcoin has since recovered and is trading hands at $16,791. Ethereum is now trading at $460 and is up %3.33. One commentator noted in ...

Ethereum has been underperforming Bitcoin in recent weeks as BTC reaches yearly highs.

Yesterday after Bitcoin briefly dropped below $16,000 traders sold off ETH until the currency dipped down to $440. Bitcoin has since recovered and is trading hands at $16,791. Ethereum is now trading at $460 and is up %3.33.

One commentator noted in a tweet that they would like to see $460 flip into a support for Ethereum before they start betting long. Bitcoin's current strength could help Ethereum bulls to push ETH's price above $460 and spark a larger rally.

By Emily Mason

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