Following a decidedly low volume weekend of price action Ethereum has continued to climb back towards the $219 level of resistance as it seeks a long-awaited breakout.
The world’s second largest cryptocurrency, which has a market cap of more than $23 billion, has rallied against both its USD and BTC trading pairs over the past 24-hours.
A potential target has emerged at 0.028BTC as this was the high in February but it also heavily depends on the trajectory of Bitcoin over the coming weeks.
Bitcoin did respond as predicted with a rally towards the $10,000 level of resistance, although it has since suffered numerous sell-offs to around $9,000.
Buterin had proposed that Bitcoin needed a scripting language. He decided to develop a new platform with a more general scripting language when he couldn’t get buy-in to his proposal.
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