The value of Ether (ETH) rallied 16% between Jan. 14 and Jan. 21, peaking at $1,680 earlier than dealing with a 5.4% rejection. Curiously, the identical resistance stage resulted in a considerable correction in late August 2022 and once more in early November 2022.

From one facet, merchants are relieved that Ether is buying and selling up 35.5% year-to-date, however the repeated corrections that observe retests of the $1,680 resistance might have weakened buyers’ sentiment.

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