The Ethereum price is following Bitcoin as the two largest cryptocurrencies by market capitalization trend to the upside. The market is currently facing low timeframe resisting, but the general sentiment seems to have flipped bullish across the board.
At the time of writing, Ethereum price trades at $1,700 with a 5% and 7% profit in the last 24 hours and 7 days, respectively. In the meantime, Bitcoin is outperforming with a 10% profit over the past trading session.
ETH’s price with minor gains on the 4-hour chart. Source: ETHUSDT Tradingview
The Ethereum Rally That Could Precede A Clash?
As NewsBTC reported earlier, Bitcoin and the crypto market were coming in a major cluster of sell orders. Ask liquidity was trending upwards following the trajectory of the Ethereum price and other major cryptocurrencies.
The current price action seems to be a clash between bullish and bearish forces with the former taking control for the first time in we ..
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