Ethereum Is At a Pivotal Support—and That’s Good for the Bull Case

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Ethereum has strongly underperformed over recent days, but it may bounce soon. One trader noted that the coin has reached an important technical support level as per the Ichimoku Cloud. This is likely to result in a bounce, analysts say. Ethereum Poised to See Rally as Crucial Support Is Hit Ethereum has strongly underperformed over recent days. The leading cryptocurrency has slipped from around $420 to $386, despite the price of Bitcoin setting new year-to-date highs in a strong surge upward. This underperformance has shocked many investors. But according to an analyst, Ethereum is primed to move higher in the days and weeks ahead. One crypto-asset analyst shared the chart below recently. It shows that Ethereum has reached an important technical support level that marked the highs of the short-term rally earlier this month. Analysts think that Ethereum will bounce from here: “I do believe $ETH will bounce very hard…

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