RATE Group | Ethereum Just Broke Critical Resistance, Making a Massive Upsurge Imminent
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Ethereum Just Broke Critical Resistance, Making a Massive Upsurge Imminent

14 Feb Ethereum Just Broke Critical Resistance, Making a Massive Upsurge Imminent

Posted at 22:51h in Ethereum News by

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Ethereum (ETH) has seen some insane price action over the past several days, with its 2020 rally rapidly turning parabolic as bulls look to propel the crypto past $300.

This intense upwards rally has allowed the cryptocurrency to break above a key resistance level that had previously been suppressing its price action, suggesting that it could rally significantly further before facing any intense resistance.

Furthermore, this rally has also coincided with a rapid surge in the crypto’s fundamental strength, which is elucidated while looking towards its transaction counts and active addresses.

Ethereum Smashes Past Key BTC Resistance Level as Bulls Maintain Their Momentum 

At the time of writing, Ethereum is trading up over 5% at its current price of $281, which marks a massive climb from its daily lows of nearly $260 that were set yesterday when bears attempted to spark a selloff.

The magnitude of ETH’s recent rally is clearly seen while looking at its price action throughout the…

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