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Parabolic rally ‘a real possibility’ after Ethereum price surges to $547

Parabolic rally ‘a real possibility’ after Ethereum price surges to $547 | COSS Exchange

Parabolic rally ‘a real possibility’ after Ethereum price surges to $547 The price of Ether (ETH), the native cryptocurrency of Ethereum, has surpassed $547. Following the breakout, traders are pinpointing several key resistance levels in the near term.In the short term, traders generally foresee $600 as the major resistance area for Ether as it marked the beginning of a bearish trend starting in May 2018. As such, $600 could act as an area of interest for sellers.The weekly price chart of Ether. Source: TradingView.comPotential Ether price cycle with resistance levels. Source: TradingView, Michael van de Poppe

 

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