Joshs Finance

Market Wrap: Bitcoin Outperforms as Crypto Bulls Take a Breather – CoinDesk

Still, pullbacks could be brief as some technical indicators point to further upside potential, especially in altcoins. For example, ether (ETH) broke above $3,000 this week and reversed its intermediate-term downtrend. That supports upside follow-through in the near term, according to Katie Stockton, managing partner at Fairlead Strategies. “We believe there is upside to resistance near $3,500 for ETH defined by the 200-day moving average,” Stockton wrote in a Friday email.

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