Ethereum Could Target $850 Once It Breaks Key Resistance, Claims Analyst

Ethereum Could Target $850 Once It Breaks Key Resistance, Claims Analyst


Ethereum has flashed signs of immense strength despite a fleeting overnight selloff This recent decline came about in tandem with that seen by the rest of the crypto market Bitcoin plunged below $18,000 before posting a “V-shaped” recovery and rallying significantly higher This recovery also helped lead ETH higher, with the cryptocurrency rapidly navigating back up to where it has been trading throughout the past couple of days Its recent strength and unwavering uptrend indicate that further upside is imminent One trader is watching for a move higher in the near-term, noting that it could rally towards $850 before its momentum slows down

Bitcoin and the entire cryptocurrency market have been caught in the throes of an intense bull run throughout the past few days and weeks, with Ethereum being particularly exposed to the recent market-wide strength.

The cryptocurrency has posted massive gains over the past few days, with its recent break above $500 creating momentum that

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