RATE Group | Will Ethereum Face Pullback Pressure in the Near-term?
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Will Ethereum Face Pullback Pressure in the Near-term?

14 Feb Will Ethereum Face Pullback Pressure in the Near-term?

Posted at 11:41h in Ethereum News by

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  • Ethereum’s value against USD has been hyped by 26.34% in the last week
  • It may soon touch the next resistance point at $275
  • Currently, ETH price consolidates around $270 level

Ethereum has witnessed one of the most rewarding weeks of this year, as it is now eyeing a $300 price mark. Over the last week, it has fetched a growth to the extent of 26.34%, and it currently trades around $270.

Ethereum Price Analysis

Ethereum started the week at $212.94 on February 07 with a slow and steady upward move, and in the next four days, it was boomed by 12.09% to get placed at $238.68. It was followed by another price escalation of 17.03% that took the ETH price to the highest point of the day at $277.66 by February 13. In the last 24 hours, the Ethereum price has been contracted by 5.35% and fell to $260 price range from $270 level. ETH coin is currently consolidated in the range of $260 – $270.

ETH Price News
ETH/USD Chart by TradingView

Ethereum’s current price at $269.03 is trending above its 50 days MA…

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