Tuesday, March 2, 2021
Home Latest News Ethereum Analysts Think Ethereum Will Push Toward $500 After Bounce At $420

Analysts Think Ethereum Will Push Toward $500 After Bounce At $420

The coin of the leading cryptocurrency currently trades for $440, though analysts say that it may catch a bid if it goes lower also they are specifically eyeing the $420 region, at which point ETH should post a strong bounce.

Analysts believe that Ethereum will rise to $500 once it manages to take $420 as support in the coming days. This comes after the fall of ETH after the since the 460 dollar local highs: “Pretty clear picture of $ETH Supply and Demand flips. Makes for a decent case that 420 down to low 400s are area of interest for dip buys before further upside.”

Other analysts claim the cryptocurrency will even jump higher than $420. A pseudonymous trader said he expected a major support-resistance flip would take place at the $418-420 level, which would cause a jump to new highs

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