Despite Rally to $250, Ethereum Was Just Dealt This Fundamental Blow

Like most of the cryptocurrency market, Ethereum has performed well over the past few days. This strength culminated in a rally to the crucial level of $250 on Wednesday, as depicted in the chart seen below. The ongoing surge has been quick to flip cautious investors into bulls. One trader postulated that ETH is now on track to hit $300, citing the bullish break of its market structure and its outperformance of BTC. Yet some […]

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