Ethereum Tests $2,300 Range As Market Adds $70 Billion
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Ethereum has been testing the $2,300 price resistance range during the recent market recovery posed by the market. Total crypto market capitalization has seen gains of 2% over the past 24 hours. This translates to about $70 billion in market cap gains over the last day. This new recovery comes in light of the news of bitcoin whales accumulating over 60,000 bitcoins in a single day. The biggest accumulation so far of 2021 in 24 hours.
The bullish news pushed the price of bitcoin over the $35,000 range and Ethereum broke $2,300 in that same time period. ETH had consistently traded under $2,300 over the past week. With bulls trying to push the coin over the hurdle but with no success. But in a small rally that followed the price of bitcoin, the coin had finally broken this important point.