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Ethereum Breakout Above $360 Means Sky’s the Limit, Believes Cryptocurrency Analyst

Ethereum Breakout Above $360 Means Sky’s the Limit, Believes Cryptocurrency Analyst – BeInCrypto

Resistance areas are very significant in determining the scope of a cryptocurrency’s, such as Ethereum’s, price movements. Once a resistance area is broken, it is likely to act as support afterward – and vice versa. A breakout above a resistance area often triggers rapid price increases.