Analysts Expect Ethereum to Surge to $445 as Buy-Side Demand Builds

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Ethereum is moving higher today in tandem with Bitcoin after bearing witness to some intense selling pressure yesterday The cryptocurrency has primarily been consolidating as of late, with bulls and bears being unable to spark any clear trend This has caused ETH to see severe underperformance of Bitcoin, with the benchmark cryptocurrency far outpacing it as of late Where Ethereum trends in the near-term may depend largely on where the aggregated market moves as election day arrives One trader is noting that mounting buy-side demand suggests that Ethereum will soon rally up towards $445 in the days and weeks ahead Ethereum and the aggregated altcoin market have been caught within a bout of sideways trading over the past few weeks, with smaller digital assets failing to match the momentum seen by Bitcoin. This underperformance isn’t entirely unexpected, as it highlights a relatively common trend seen during early-stage bull runs where…

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