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Ethereum rebound continues

27 Jul, 2021

Yesterday as Bitcoin reached 40k, its number two Ethereum pushed above $2400, to as high as $2431. That high was very soon reversed as Bitcoin fell on the Amazon comments. Eventually that led Ether to fall back to as low as $2153 earlier during the Asian session. Since then the rebound in both has continued and that has allowed Ether to hit session highs a few moments ago. The price lifted to as high as 2281. The next notable, technical resistance level is now not far off. That is the price point defined by a 50% retracement of the 2431- 2153 move. That comes into play at 2292. Should that level be surpassed, then further technical resistance of a similar nature will be found at 2324. ETHUSD is just now trading at 2271

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