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

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

It seems the second leg of the crypto bull market has finally arrived. In the past 30 minutes, Ethereum has shot higher after a week of consolidation. As of the time of this article’s writing, ETH trades for $420 — more than 7% higher than it was just an hour or two ago.

The breakout was triggered by an influx of liquidations on BitMEX and other margin platforms, which squeezed Ethereum higher. A…

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