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After Surging 25% in 5 Days, Ethereum Forms Sign Last Seen Before March Dump

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Ethereum has seen an extremely strong rally over the past few days. The asset reached a high of $310 on Saturday — the highest price in 2020 thus far.
ETH is up approximately 25% in the past days, having benefited from an extremely strong influx of capital inflows. Some think these inflows are from altcoins devaluing against BTC and ETH.
Unfortunately, the cryptocurrency may have reached a local high as Ethereum just formed a signal last seen at the March highs.

Ethereum’s extremely strong rally over the past week may soon come to an end as a trend indicator suggests …

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