Ether (ETH) price is struggling to overcome resistance at $1,600 and this is the altcoin’s third attempt since September. Some would say the 33% year-to-date rally could be interpreted as a failed opportunity to breach the $200 billion market capitalization mark.
If Ether’s price were to break above $1,600, it would return the No. 2 cryptocurrency to a top-60 global tradable asset, surpassing giant multinational companies like Nike (NYSE:), Novartis (NVS), Cisco (NASDAQ:) and Toyota (TM).
