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Cryptocurrencies:  6,269Markets:  24,788Market Cap:  $356,644,785,14124h Vol:  $76,336,868,998BTC Dominance:  60.5%
Market Cap:  $356,644,785,14124h Vol:  $76,336,868,998BTC Dominance:  60.5%Cryptocurrencies:  6,269Markets:  24,788

Ethereum is Gearing Up for a Move Past $400; Here’s What Will Drive It Higher

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Ethereum is Gearing Up for a Move Past $400; Here’s What Will Drive It Higher

NewsBTC1 week ago
Published on August 01, 2020 10:50 GMT+0edited on August 02, 2020 12:01 GMT+0

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Ethereum has seen some intense strength throughout the past couple of weeks, and the strong uptrend it is currently caught within isn’t showing any clear signs of coming to an end anytime soon.

As it pushes up against its high time frame resistance, analysts are widely noting that it could be well-positioned to see further upside in the near-term due to its strong market structure.

One analyst in particular is noting that the cryptocurrency is now poised to reach $400 due to its break above multiple key resistance levels.

As for what could help it continue outperforming the aggregated cryptocurrency market, one respected investor is pointing to growing narratives surrounding ETH 2.0 as a source of strength.

He believes that as the upgrade approaches, people will become increasingly …