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05 December 2020

Analysts Think Ethereum Will Shoot Toward $700 as Key Resistances Break

Analysts Think Ethereum Will Shoot Toward $700 as Key Resistances Break


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There are a number of technical and fundamental trends set to drive the coin even higher, including the imminent launch of ETH2, the growth of the decentralized finance (DeFi) space, and the simple fact that there is little technical resistance from here toward $700.

Further strength in the price of Bitcoin should bode well for Ethereum and other altcoins, though it is currently unclear which coin will outperform the other.

Analysts think that Ethereum is set to explode even higher as it breaks out of a macro range and past macro resistances for the first time since 2018.

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