Ethereum Could Push to $420 if It Flips One Key Level into Support

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Ethereum is currently caught within a consolidation phase alongside Bitcoin and its other peers This has made its near-term outlook somewhat unclear, as where it trends next may depend largely on the price action seen by BTC Overnight, an influx of selling pressure caused its price to plunge just over 1%, with this decline sending it below the crucial $380 level This level has long been pivotal for Ethereum, and its recent break above it was technically significant Because it was not flipped into a strong support level, it may continue acting as a slight resistance level for ETH in the future Despite this, one analyst still thinks $420 is imminent Ethereum and the entire cryptocurrency market have lacked momentum in recent days, with the sharp move up seen by the aggregated market last week losing its strength after Bitcoin reached the mid-$11,000 region. Ethereum – which was just recently…

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