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Ether gets a lift from BTC

14 Oct, 2021

The failure of Ether to make any progress yesterday was further hampered by the drop back in BTC, towards 54k. That move helped to push the second largest cryptocurrency down towards $3,400. However, and despite some pressure in the cross price between the two, Ether did not break below that level and later got dragged back above $3,500 by the rebound in BTC. The recovery into the wider US market close last night has been extended upon so far today, with a solid trend higher throughout the Asian session. That has seen Ether lift to as high as $3,662. There is resistance in place at 3,675 from a previous daily high (September 16) there and that may account for the stalling at 3,662 so far today. If that level is surpassed at some point, the next really big level is not until 3,900 on the current run. Naturally, much will depend on how BTC behaves today as to the extent of any further upside in the short term. The range so far today has been covered by 3,568 to that high at 3,662. ETHUSD is currently trading at 3,643
 

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