This isn’t a bad thing, as BTC<\/a> is stable at around $11,500 and may be growing stronger as bulls aim at breaking its $11,600 resistance.<\/p>\n In the near-term, ETH bulls must shatter the $380 level and confirm it as support. Doing so will provide the crypto with a strong base of support that could help launch it significantly higher in the days and weeks ahead.<\/p>\n One analyst explained in a recent tweet that there are a few catalysts in the near-term that could provide it with serious upside, including phase 0 launch of ETH 2.0 and a higher high and higher low on top of its 715-day trading range breakout.<\/p>\n At the time of writing, Ethereum is trading up<\/a> just under 2% at its current price of $375. This is around the price at which it has been trading throughout the past few days and weeks.<\/p>\n Bears recently attempted to push it below $370, but the buying pressure here was quite significant and helped spark a sharp rebound.<\/p>\n Where it trends in the mid-term will likely depend largely on whether or not bulls can surmount $380.<\/p>\n This level has proven to be pivotal in the past and will likely continue governing Ethereum’s near-term outlook.<\/p>\n One analyst explained that there are three fundamental and technical catalysts that will likely influence Ethereum’s price action in the months ahead. They are all overtly bullish.<\/p>\n “ETH Notes on Chart: 2.0 Coming. HH + HL on top of 715 day range break. PoB to ATH’s… you’re bearish?”<\/p>\n<\/blockquote>\n How Ethereum trends heading into 2021 will undoubtedly depend somewhat on Bitcoin.<\/p>\n This makes it vital for ETH that BTC can break its macro consolidation phase<\/a> and rally higher in the months ahead.<\/p>\n Ethereum has been stuck below $380 for the past few days, which is a critical level that has long held serious…<\/p>\n","protected":false},"author":1,"featured_media":5087,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[283,109,111,113],"class_list":["post-5086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-crypto-news","tag-eth","tag-ethbtc","tag-ethusd","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/5086"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=5086"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/5086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/5087"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=5086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=5086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=5086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Ethereum Shows Signs of Strength as Bulls Target $380<\/strong> <\/strong><\/h2>\n
Here are the Three Catalysts That May Influence ETH in 2021<\/strong> <\/strong><\/h2>\n
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![\"Ethereum\"](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2020\/10\/pentoshi-860x538.jpg\")
<\/p>\nImage Courtesy of Pentoshi. Source: ETHUSD on TradingView.<\/a><\/pre>\n
Featured image from Unsplash.\nCharts from TradingView.<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"