Ethereum Defies Gravity But Here Is Why It Could Struggle Near $500
Ethereum extended its rally by 10% and it broke the $465 resistance against the US Dollar. ETH price traded to a new multi-month high at $490 before starting a downside correction.
- Ethereum is up over 10% and it broke the $465 and $470 resistance levels.
- The price traded to a new multi-month high at $490 and settled well above the 100 hourly simple moving average.
- There are two major bullish…
