Analyst: Ethereum May Target $120 Next, and History May Support This

Ethereum (ETH) has been incurring significant selling pressure over the past couple of weeks, mirroring the bearish price action that Bitcoin has been facing in the time since it plummeted from its recent highs of $10,600.
Analysts are now noting that Ethereum may be positioned for significantly further losses in the near-term, with one analyst setting a target in the upper-$120 region – which may be supported by the fact that the fourth quarter of the year is historically when ETH sees it