By the e-fever we are selected at the level 412.21. To say that this is the key level is to say nothing. The question is: will we break this level and rise even higher, or will the 412.21 level become a turning point in the price dynamics. It remains for us to wait and see how the price behaves near this level (look at the candlestick signals). Although we remember the records of bitcoin, he pierced one horizontal level after another. But we have, after all, another currency and, quite possibly, another course of history. That is, the graphics... Oleg Svirgun
Geopolitics play in important role in this as well. The South Korean won (KRW) is dropping like a rock due to the threat of war. South Korea is the largest Ethereum investor-nation who is responsible for the majority of ETH volume. It's part of the reason why we went from $320 to $390 in a few days. Technicals obviously play a part as well as BTC, the upcoming metropolis fork, and the USD dropping precipitously. It seems like a perfect storm new ATH. We shall see. I think it will happen.