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Ether reclaims $4000

14 May, 2021

Yesterday was another rollercoaster day for Ethereum (ETHUSD) the price traded above 4200 and later below 3600. It settled down to around 3700 at the time of the wider US market close. Since then it has another look at the 3600 in the very early part of the Asian trading session, but since then it has been mostly one-way traffic- higher. The second largest coin has just now reclaimed the 4000 handle for the first time today, reaching above 4025 right as this update is being typed. The move higher is also helping to drag Bitcoin up with it. Once again it looks suspiciously like Ether is in charge of the price action there. The further rise today does not technically meet resistance until 2240 now, but that is not to say it will or will not get there. ETHUSD is just now trading at 4028

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A series of higher lows continues to define XRP price action

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Important addendum to previous update on Ether

14 May, 2021

In an earlier update on the progress of Ether right now, as the price rises back above $4000, it was noted that it would not meet the next technical resistance level until 2240. This was a typo that needs to be corrected.