Ethereum trace rally below place a query to after ETH slams into resistance at $1.6K

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Ether (ETH) trace is struggling to beat resistance at $1,600 and right here's the altcoin’s third strive since September. Some would notify the 33% twelve months-to-date rally shall be interpreted as a failed replacement to breach the $200 billion market capitalization designate.

If Ether’s trace had been to interrupt above $1,600, it may probably perchance well perchance return the No. 2 cryptocurrency to a top-60 global tradable asset, surpassing big multinational companies love Nike (NYSE:NKE), Novartis (NVS), Cisco (NASDAQ:CSCO) and Toyota (TM).

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