Analyst: Ethereum Likely to Tag $2,000 in Near-Term as Rally Turns Parabolic

[Btceth01]

Ethereum saw a meteoric rally yesterday that allowed it to post some massive gains, with bulls taking full control as they sent it to fresh all-time highs
The crypto is still struggling to gain enough support to hold above its previous all-time highs of $1,450, with the selling pressure above this level being significant
It is now seeing some consolidation just below this level as Bitcoin begins soaring higher
There’s a strong possibility that Bitcoin’s strength will eventually create further tailwinds for ETH
One analyst is noting that a daily close above $1,400 could position ETH for massive upside in the week to come, noting that he is watching $1,600 and $2,000 as near-term upside targets Source url