After a bout of sideways trading in the cryptocurrency markets, Bitcoin and other major cryptos have been able to garner an influx of buying pressure that has sent them climbing today. Ethereum (ETH) is one major cryptocurrency that has been able to climb today, but it is facing growing resistance around its current price levels.
Despite this resistance, one analyst still has a target set for Ethereum around $200, which is significantly higher than its current price of $143.
Ethereum (ETH) Faces Fresh Resistance Level Around $144
At the time of writing, Ethereum is trading up over 3% at its current price of $142.5. Earlier today, ETH surged to highs of $144 before being swiftly pushed down its current price levels, signaling that this price is likely a fresh level of resistance.
Despite this, UB, a popular cryptocurrency analyst on Twitter, recently explained that it is imperative that ETH closes above $139 today in order for further gains to be possible, as a close below this…
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