Ethereum rallied on Monday, reaching towards the $300 level. A break above there should be a bullish sign, and send this market towards the $320 level next. Alternately, if we were to break down below the $270 level could send this market towards the $250 level.
Ethereum had a wild day against Bitcoin, exploded to the upside, then pulling back. It appears that the 0.0725 level has offered enough support for the buyers to come back, as it once was a significant resistance. Because of this, I think that the easiest path is higher rather than lower.
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