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Ethereum is About to Make a Big Movement; But Will It Favor Bulls?

Ethereum is About to Make a Big Movement; But Will It Favor Bulls?

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Ethereum is About to Make a Big Movement; But Will It Favor Bulls?

Bitcoinist6 days ago
Published on September 12, 2020 07:00 GMT+0edited on September 12, 2020 07:15 GMT+0

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  • Ethereum has been flashing some signs of strength throughout the past few days, with bulls now pushing it back towards its recent highs of $380
  • The cryptocurrency is slightly outperforming Bitcoin at the moment and does appear to be in a decent technical position
  • One analyst is noting that a confluence of factors seems to suggest that a massive movement is brewing for the cryptocurrency
  • Whether or not this move favors bulls or bears is a different question, and may depend entirely on its reaction to one crucial level

Ethereum is flashing some signs of strength today as the cryptocurrency trades above $370. This marks a notable rebound from recent lows of under $365 and may indicate that further upside is imminent.

It remains beneath its crucial $380 resistance level, which is widely …