Ethereum Shatters First Key Resistance as Analysts Target Move to $480

Ethereum Shatters First Key Resistance as Analysts Target Move to $480


While Bitcoin explodes past $17,000, Ethereum has seen only tempered momentum That being said, the crypto was able to break above a crucial resistance level today, and is trying to gain a footing above $470 This has led one analyst to expect significantly further upside in the near-term He believes that $480 is the next key level that ETH will target, with a break above here being vital for it to see a strong push towards $500 If Ethereum can break above $500 anytime soon, then it may be able to enter a full-fledged uptrend and gain some ground against Bitcoin

Ethereum has been struggling to match the momentum seen by Bitcoin as of late. While the benchmark cryptocurrency pushes to new post-2017 highs, ETH remains below its yearly highs set just a few months ago.

This underperformance is somewhat surprising, as ETH typically outperforms BTC during bouts of market-wide strength and underperforms it during downturns.

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