- 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 …