Ether’s price action mirrors that of Bitcoin over the last few hours. Similar to Bitcoin, Ether rallied to the $2,404 level during the late hours of Sunday but failed to take out the resistance level at $2,423. The leading altcoin has been trading sideways over the past few days. With the support level still holding, the bulls could push Ether’s price higher in the near term. Ether sale and mixed derivatives data Ether is down by less than 1% in the last 24 hours and is now trading at $2,318 per coin. The bearish performance comes after it failed to take out the $2,423 resistance level a few hours ago. The Ethereum Foundation recently sold 10,000 ETH to BitMine.
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