Ethereum Rally Seems Unstoppable: Here’s Why It Could Test $250
Ethereum is up more than 12% and it broke the $220 resistance against the US Dollar. ETH price is likely to continue higher and it could even test the $240 and $250 levels. Ethereum is surging and it recently broke the $215 and $220 resistance levels. The price is now trading well above the $200 pivot level and the 100-day simple moving average. There was a break above a major bearish trend line with resistance near $200 on the daily chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher towards the $240 and $250 resistance levels. Ethereum Price Primary Target Hit Yesterday, we discussed the chances of a strong rise in Ethereum above the $200 resistance against the US Dollar. ETH price did gain bullish momentum above $200 and surged more than 12%. Bitcoin also rallied more than 15% above $8,000 and $8,500. It sparked more upsides in Ether above the $210 level and the price tested the first bullish target of $220 (as discussed in yesterday’s post). During the ri...