Ethereum price analysis; Ready to break key resistance

Ethereum price analysis ; Ethereum has been in a price stabilization phase for the past few days and weeks. Ethereum has been hovering around $ 1,300 during this time. Now some analysts have announced that the key resistance of $ 1,380 is likely to be broken.

Ethereum currently trades in the $ 1,350 range, according to BT News. According to experts, the most important resistance against this cryptocurrency is $ 1,380. There are many vendors in this area and this is an obstacle to its failure.

As soon as $ 1,380 is broken, one can expect a big jump in Ethereum prices and even a new high. One analyst says there is a possibility, and he has been closely monitoring price fluctuations.

Ethereum was up above $ 1,400 yesterday.

Since the price of Ethereum has been stabilizing for some time, it is not possible to say for sure what the future trend will be.

The Bitcoin trend and its response to the emerging resistance in the range of $ 30,000 to $ 35,000 can help us determine the trend of market-leading altcoins such as Ethereum.

A market analyst said in a recent tweet that Ethereum may be preparing for a big leap. He compared the jump to the November jump in the cryptocurrency. At that time, Ethereum managed to cross the $ 1,000 mark.

“Every price floor indicates that buyers are willing to pay a higher price for Ethereum,” he wrote.

It is worth noting that the price of Ethereum has spent almost the whole of January in the range of $ 1,300. Ethereum status is very similar to November. At that time, the price of Ethereum exploded and never returned to where it was. Buyers are willing to pay much higher prices for Ethereum.

As long as the bitcoin situation is stable, the price of Ethereum is likely to jump sharply.

Ethereum price analysis; Ready to break key resistance