Ethereum (ETH) Price Analysis for April 5

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Ethereum (ETH) Price Analysis for April 5
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Can ETH continue rising faster than BTC? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum

On the hourly chart, the price of Ethereum is trading in the middle of the channel, between the support at $1,865 and the resistance at $1,925. There are low chances of seeing the breakout of any of these marks, as most of the daily ATR has been passed.In this regard, sideways trading around $1,900 is the more likely scenario.

On the daily time frame, traders should pay attention to yesterday's peak at $1,890. If the candle closure happens above it, growth may continue to the $1,950 area and above. Ethereum has broken the resistance of 0.06672 on the daily chart against Bitcoin . If the rate remains above that mark, one can expect ongoing midterm growth to the 0.07 zone.

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