Ethereum Rockets to New Local Highs at $420—and More Upside Is Expected

Ethereum Could Surge Even Higher, Analysts Say After Breakout While the ongoing breakout started under an hour ago, analysts are already expecting more upside for ETH. Chart of ETH's recent price action with analysis by trader "SmartContracte" (Twitter handle).

The head of technical analysis at Blockfyre, a crypto research firm, wrote on Ethereum’s recent price action: “$ETH looking ready for another leg up imo. While Bitcoin’s ongoing breakout wasn’t as technically significant as that of ETH, analysts say the recent price action is a likely precursor to $12,000 and beyond.

Timeline of Breakout, Ethereum