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Feb 25, 2020 12:49 Ethereum Rallies to $270 as Crypto Market Grows Bullish
Overnight, Ethereum and the aggregated market incurred some notable momentum that sent virtually all cryptocurrencies surging from their weekly lows.
Ethereum’s intense 2020 uptrend appears to have continued strong after the cryptocurrency experienced some turbulence earlier this week. The overnight rally experienced by ETH also allowed the crypto to push against a key resistance level that has been suppressing its price action.
Analysts are now noting that how ETH closes its weekly candle will be critical for determining which direction it will trend in the weeks ahead.
Because Ethereum has been moving in tandem with Bitcoin over the past several days, it is highly probable that its near-term fate will be largely dependent on where BTC moves next.
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