Ethereum Could Possibly Continue Until $360

According to an article on NewsBTC Ethereum has recently been seeing an upward trend, which in turn has formed a bullish market structure. However, it seems that things aren’t looking to slowdown for the Ethereum market.

Nik Patel, a prominent cryptocurrency analyst, notes that this trend may continue until $360, which is the next key resistance level.

“The reversal from here has been phenomenal, with Ethereum doubling in price since. Price has also broken out above trendline resistance from the June 2019 high and looks set to close the Weekly above both the $200 and $225 swing-highs, turning market structure bullish and opening up a move to retest $360,” he noted.

Although a further trend is possible, it could all still depend on Bitcoin holding its current $10,000 position. But, with its current bullish market, Ethereum may well continue its momentum independent of BTC.