Ethereum to See “Price Discovery” in 2021; Analyst Targets $750

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Ethereum has seen some slight momentum over the past 24-hours that has pushed its price towards $380 This is a critical level that has historically sparked both uptrends and downtrends Whether or not this level is broken above in the near-term will provide serious insights into the crypto’s outlook One analyst is noting that its mid-term market structure is incredibly bullish, and that it is likely to lead it into “price discovery” in 2021 As for how high its price might rally, he specifically points to $750 as a target in the coming several months Ethereum’s price action has been somewhat lackluster as of late. It has been closely tracking Bitcoin and recently declined beneath the key $380 level after making several attempts to flip it into support. Because Bitcoin has been closely tracking the stock market, where altcoins like Ethereum trend in the near-term will likely depend largely on…

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