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Ascending channel pattern and Ethereum options data back traders’ $5K ETH target

The Ethereum network’s success has caused congestion and high fees, bringing the competition closer. For example, in mid-2017, the leading “competitors” were Ethereum Classic (ETC) and NEM (XEM). Combined, those represented a mere 13% of Ether’s $37 billion market capitalization.

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Source: Cryptocurrency - investing.com

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