Analyst: Ethereum Will Explode Past $400 as Key Level Reclaimed by Bulls

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Ethereum has undergone a strong drop since peaking at $400 this past weekend. The leading cryptocurrency currently trades for $380, down after Bitcoin dropped from its daily highs. Analysts still think that ETH will move higher, though, citing technical trends. Ethereum Could Explode Past $400, Analysts Say Analysts remain confident about Ethereum despite recent uncertainty in the price of Bitcoin. One trader said, referencing how ETH is still holding above range supports: “I don’t short Ethereum because im not a moron, that said currently PA needs to get above and flip $390 into support for us to start heading higher, seems to be that price as gotten comfortable below $400 recently… Thinking that tomorrow we could see $400+. Send it.” Charts of ETH's price action over the past few months with analysis by crypto trader Cactus (@TheCryptoCactus on Twitter). Source: ETHUSD from TradingView.com One cause for concern is that whales…

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