Ethereum broke out with the rest of the crypto market. Momentum has been surprisingly strong for Ethereum, and it's surpassed Bitcoin in the relative strength of this rally. We anticipated $1341 to provide resistance as it has been the upper bound of this range for over two weeks. We were able to test $1368, which we have added as a new technical level, before momentum petered out. Currently, we are finding support at $1341, and are likely to retrace to $1288, but if momentum can somehow pick up then $1368 is the next target then $1424.
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