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Ether back above $1,950 as BTC extends gains to 31,500

06 Jul, 2023

Following on from the previous update noting that BTC was threatening the 31k handle, it has now extended that move to reach 31,500 a moment ago. There is no doubt here, that BTC has led the move, but at the same time the further rise there has allowed Ether (ETHUSD) to rise further too. That is now pushing above $1,950 as BTC advances further. The move has now taken Ether back closer to the most recent high at 1,976. It remains to be seen if there is enough gas in the tank to see that interim high tested from now on. It looks like it might be up to BTC to decide that outcome. ETHUSD is currently trading at 1,951

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