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Numerous Rejections for Ethereum at $2,683 Resistance Level

Ethereum has traded below a resistance zone between $2,683 and $2,863 throughout the month of August. There have been numerous rejections at $2,863 and ETH is struggling to climb up higher here. There is a lot of FUD surrounding the Mt. Gox payouts. Today’s news is that there was a test transaction made for the Mt. Gox distribution with $2 billion worth of BTC. The test transaction indicates that we are likely to see some selling taking place soon.

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