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<p>This is the weekly coin analysis by HODL.FM, a piece that breaks down important on-chain activity and historic performance of cryptocurrencies.</p><p><strong>Here is what we prepared for you:</strong></p><ul><li>Ethereum crashed resistance and now trades at a crucial level.</li><li>Bulls are having it all.</li><li>Analyst believes an Ethereum ETF could blast Bitcoin’s price as well.</li><li>Odds of Approval for Spot Ether ETFs up from 25%.</li></ul><p>Related: <a href="https://hodl.fm/bitcoin-hits-71k-surge-factors" rel="noopener noreferrer nofollow">Bitcoin Breaks $71K: Analyzing the Factors Behind the Rise</a></p><h2 id="header-0">No Way Through for Bears</h2><p>The bulls have pranced back into Ethereum’s market, leaving the bears pawing miserably at the $2,850 like a fly reaching for the bottom-most cookie inside a jar. The best illustration would be a pack of bears scratching their heads, wondering why their detonator just wont detonate doomsday on Ethereum’s price floor.</p><p>Buyers managed to catapult the price out of the bearish channel at $2,850 , where the price of Ether struted its way its way up to $3,400, and broke above $3,700. The channel was a difficult one to break, which made the bulls feel more like knights inching toward’s a dragon’s lair. Multiple times before yesterday’s bullish breakout, the bears charged back at the bulls for attempting to cross above $2,850.</p><h3 id="a-href-https-hodl-fm-ethereum-surges-etf-frenzy-rel-noopener-noreferrer-nofollow-read-more-on-hodl-fm-a"><a href="https://hodl.fm/ethereum-surges-etf-frenzy" rel="noopener noreferrer nofollow">READ MORE ON HODL.FM</a></h3>

Ethereum Weekly Coin Analysis: Ethereum Blasts Past Major Resistance with Fresh ETF Frenzy

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