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Ethereum Funding Rates Flip Neutral as Rally Kicks Off; Next Stop $710

Ethereum has been flashing some immense signs of strength throughout the past few days, with it starting to gain ground against Bitcoin

Much of this strength came about following the cryptocurrency’s push past $500 earlier this week

In the time since, it has been growing strong and is now positioned to make a move higher

One analyst is noting that it is currently nearing the last key resistance level before it reaches significantly higher price levels

In particular, he is watching for a move to $700. A move to this level would allow it to see significantly further gains