Cryptocurrencies Rally as Short Sellers Exit Positions — CoinDesk

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Ether, the world’s second-largest cryptocurrency by market capitalization, returned to above $3,000, and is up about 9% over the previous week. Similar to bitcoin’s rise, ether’s uptrend is stabilizing as patrons gained momentum over the previous few days. The subsequent stage of resistance for ETH is seen at across the $3,500-$4,000 vary, which might restrict upside over the brief time period.