Following 15% Weekly Surge, ETH Bulls Calm Down Below $450 (Ethereum Price Analysis)

Ethereum moved sideways over the past five days as it struggles to close a daily candle above the $456 resistance level. The coin is trading near the upper boundary of a rising price channel and would need to penetrate $462.50 to break above this. Against Bitcoin, continues to battle to break above the 200-days EMA at around 0.0295 BTC.

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Author: toutiao