Crypto markets have pulled back on Thursday, after an upside inflation print renewed fears of a persistent pick-up in prices.
What Happened: In a live session on Thursday, prominent analyst Kevin highlighted that Ethereum (CRYPTO: ETH) and the Total 2 altcoin market (all altcoins excluding Bitcoin (CRYPTO: BTC)) have approached a 4-year historical resistance zone, but were rejected following the PPI release.
He noted that such a reaction is normal after strong upward moves, particularly for Ethereum.
These resistance zones are critical markers …