Analysts say that Ethereum holding above $400 on a macro basis could be the precursor to an even greater surge in the weeks and months ahead.
ETH Is Set to Break Above $400 Again: Analysts
Fortunately for buyers of the cryptocurrency, the cryptocurrency is set to cross above $400 according to analysts and fundamental trends.
As reported by NewsBTC previously, one analyst noted that Ethereum’s price action looks as though it is about to break past $400. He cited a analysis of May 2019:
“I don’t know why not all of CT is talking about this ridiculously similar looking . Spoiler: this chop led to another massive pump in 2019.”