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Ethereum Must Clear $3,400 For Hopes of a Fresh IncreaseEthereum(ETH) is facing a major resistance near $3,400 against the US Dollar. ETH price could start afresh decline if it fails to clear the $3,400 resistance zone. Ethereum extended its decline below the $3,250 and $3,200 levels. The price is now trading well below $3,400 and the 100 hourly simple moving average.El Salvador reportedly grants tax exemptions for Bitcoin (BTC) investorsIn a move aimed towards attracting investors, authorities in El Salvador are reportedly set to exempt them from all forms of capital gains and income tax related to Bitcoin. Indications regarding this move began to gain wave following an announcement by one of the country’s Presidential Legal Counsel. BTC Upside Remains Highly Vulnerable At $47,000Bitcoin(BTC) price bounced off a weekly low at $43,437, but the upside potential above $45,000 is shaky. Following a massive crash last week, Bitcoin extended the bearish leg below $46,000 on Monday, whereby a low was traded at $43,437 (data by Coinbase). Shortly after, a minor recovery came into the picture, allowing bulls to regain control during the Asian session on Tuesday.