Analyst: Ethereum Likely to Target $555 as Bulls Shatter Key Level

Analyst: Ethereum Likely to Target $555 as Bulls Shatter Key Level

Ethereum has rocketed past $500, with its ongoing upswing coming about as investors begin pouring capital into altcoins while BTC pushes towards its all-time highs This momentum is showing no signs of slowing down anytime soon Whether or not bulls can close its price above this level during tonight’s daily close will provide some insight into its mid-term outlook This surge has created a tailwind for altcoins, with many posting massive gains as the DeFi sector once again leads the charge higher One trader is now targeting another 10% move higher to $550 in the near-term for ETH

Ethereum and the entire crypto market have been caught within the throes of an intense bout of upwards momentum throughout the past few days and weeks.

The selling pressure seen around $500 has been quite intense, with its momentum slowing the instant it crossed this level. That said, Bitcoin’s present strength is likely scaring away sellers, which may allow

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